Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Sees Large Decline in Short Interest

Key Points

• Short interest fell 55.3% in July to 4,757 shares, representing 0.0% of outstanding stock and a days-to-cover ratio of 0.7.
• Kuehne & Nagel shares rose 0.7% to $52.07, near their 52-week high of $52.38. The company exceeded quarterly expectations, reporting earnings of $0.57 per share versus the $0.55 consensus and revenue of $8.22 billion versus $7.58 billion expected.
• Analyst sentiment remains mixed, with two Buy, three Hold and two Sell ratings, resulting in an overall Hold consensus.

Kuehne & Nagel International Ag (OTCMKTS:KHNGY - Get Free Report) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 4,757 shares, a decrease of 55.3% from the July 15th total of 10,647 shares. Based on an average trading volume of 6,454 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the company's stock are sold short.

Kuehne & Nagel International Stock Up 0.7%

Shares of OTCMKTS:KHNGY traded up $0.35 on Friday, hitting $52.07. 1,904 shares of the company's stock were exchanged, compared to its average volume of 3,368. The firm's 50-day moving average is $49.52 and its 200 day moving average is $47.05. The company has a market capitalization of $31.44 billion, a PE ratio of 28.30, a P/E/G ratio of 3.47 and a beta of 0.75. Kuehne & Nagel International has a 1-year low of $36.76 and a 1-year high of $52.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.03 and a current ratio of 0.97.

Kuehne & Nagel International (OTCMKTS:KHNGY - Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm had revenue of $8.22 billion during the quarter, compared to analysts' expectations of $7.58 billion. Kuehne & Nagel International had a return on equity of 39.21% and a net margin of 3.57%. Sell-side analysts predict that Kuehne & Nagel International will post 2.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays reiterated an "underweight" rating on shares of Kuehne & Nagel International in a report on Friday, July 24th. Zacks Research cut Kuehne & Nagel International from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 16th. Jefferies Financial Group raised Kuehne & Nagel International from a "hold" rating to a "buy" rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Kuehne & Nagel International in a report on Tuesday, July 28th. Finally, Citigroup reiterated a "sell" rating on shares of Kuehne & Nagel International in a research note on Friday, July 24th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Kuehne & Nagel International has an average rating of "Hold".

About Kuehne & Nagel International

Kuehne & Nagel International is a global logistics company that provides a wide range of transportation and supply chain services. Its core activities include sea freight and airfreight forwarding, contract logistics and warehousing, as well as overland (road and rail) transportation. The company also offers integrated supply chain management, customs brokerage and value-added services that support complex logistics requirements for shippers and manufacturers.

Founded in 1890 by August Kühne and Friedrich Nagel, Kuehne & Nagel has grown into a multinational logistics provider with a long history in freight forwarding and transport services.

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