Kion Group (OTCMKTS:KIGRY) Short Interest Update

Key Points

• Short interest plunged 98.6% in March to just 41 shares (now 0.0% of shares short), leaving the short-interest ratio effectively at 0.0 days based on average daily volume.
• Shares fell about 3.7% to $12.75 mid-day; Kion reported $0.15 EPS and revenue of $3.61 billion (above the $3.48B estimate), but analysts remain mixed with a consensus "Hold" (1 Buy, 3 Hold, 1 Sell).

Kion Group (OTCMKTS:KIGRY - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 41 shares, a decline of 98.6% from the February 26th total of 2,873 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 42,142 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 42,142 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company's shares are short sold.

Kion Group Stock Down 3.7%

Shares of OTCMKTS KIGRY traded down $0.49 during mid-day trading on Tuesday, hitting $12.75. The company had a trading volume of 18,970 shares, compared to its average volume of 19,235. The company has a market capitalization of $6.69 billion, a PE ratio of 25.50 and a beta of 2.19. The business's 50-day simple moving average is $16.95 and its 200 day simple moving average is $17.54. Kion Group has a 1-year low of $7.66 and a 1-year high of $20.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.97 and a quick ratio of 0.63.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.15 EPS for the quarter. Kion Group had a return on equity of 4.03% and a net margin of 2.12%.The firm had revenue of $3.61 billion during the quarter, compared to analysts' expectations of $3.48 billion. On average, analysts predict that Kion Group will post 0.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KIGRY shares. Zacks Research lowered shares of Kion Group from a "hold" rating to a "strong sell" rating in a research note on Friday, March 6th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Kion Group in a report on Monday, December 8th. Jefferies Financial Group raised shares of Kion Group from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. Finally, Citigroup downgraded shares of Kion Group from a "buy" rating to a "hold" rating in a report on Friday, December 5th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Kion Group Company Profile

Kion Group AG is a Germany‐based manufacturer of industrial trucks and supply chain solutions, traded over the counter in the U.S. under the ticker KIGRY. The company designs, produces and services a broad range of material handling equipment, including counterbalance trucks, warehouse and very narrow aisle trucks, pallet trucks, reach trucks, and automated guided vehicles. Kion Group also offers software and digital products to optimize warehouse management and logistical operations for customers across manufacturing, retail, distribution and e-commerce industries.

The group's key brands include Linde Material Handling, STILL and Dematic.

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