Kion Group (OTCMKTS:KIGRY) Short Interest Update

Key Points

• Kion Group experienced a significant drop in short interest of 51.4% in September, reducing shares shorted from 7,200 to 3,500.
• Deutsche Bank has reaffirmed a "buy" rating for Kion Group, with the stock holding a consensus rating of "Strong Buy" from multiple analysts.
• Kion Group's stock is currently trading at $17.03 with a market cap of $8.94 billion, and it reported revenues of $3.07 billion, falling short of analyst estimates.

Kion Group (OTCMKTS:KIGRY - Get Free Report) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 3,500 shares, a drop of 51.4% from the August 31st total of 7,200 shares. Based on an average daily volume of 19,700 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 19,700 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Kion Group in a report on Friday, July 4th. Three investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Strong Buy".

Kion Group Stock Performance

Kion Group stock traded down $0.30 on Friday, reaching $17.03. 6,308 shares of the stock were exchanged, compared to its average volume of 33,881. The stock has a market cap of $8.94 billion, a PE ratio of 35.48 and a beta of 2.03. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 0.16. Kion Group has a twelve month low of $7.66 and a twelve month high of $17.56. The firm has a fifty day moving average price of $16.52 and a two-hundred day moving average price of $13.48.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.20 EPS for the quarter. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.18 billion. Kion Group had a net margin of 2.08% and a return on equity of 3.89%. Sell-side analysts anticipate that Kion Group will post 0.78 EPS for the current year.

Kion Group Company Profile

KION GROUP AG provides industrial trucks and supply chain solutions worldwide. The company operates in Industrial Trucks & Services and Supply Chain Solutions segments. It offers forklift trucks, counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated warehouse trucks, automated guided vehicle systems (AGVs), and towing vehicles under the Linde, STILL, Baoli, Fenwick, and OM brands.

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