Kion Group (OTCMKTS:KIGRY) Short Interest Update

Key Points

• Short interest surged to 7,642 shares as of August 14, up 18,539% from 41 shares on July 30. Despite the increase, short interest represents approximately 0.0% of outstanding shares, with a short-interest ratio of 0.4 days.
• KIGRY shares traded at $12.25, near the lower end of their 52-week range of $10.26 to $20.54. Kion reported quarterly EPS of $0.25 and revenue of $3.39 billion, exceeding analysts’ revenue expectations of $3.28 billion.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating, although recommendations range from “Strong Buy” to “Strong Sell.”

Kion Group (OTCMKTS:KIGRY - Get Free Report) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 7,642 shares, an increase of 18,539.0% from the July 30th total of 41 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 17,380 shares, the short-interest ratio is presently 0.4 days.

Kion Group Stock Performance

KIGRY stock traded up $0.57 during midday trading on Tuesday, reaching $12.25. The company had a trading volume of 4,552 shares, compared to its average volume of 23,548. The firm has a market capitalization of $6.43 billion, a PE ratio of 14.41 and a beta of 2.05. The stock has a 50 day moving average price of $11.65 and a 200 day moving average price of $13.23. The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 0.22. Kion Group has a fifty-two week low of $10.26 and a fifty-two week high of $20.54.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $3.28 billion. Kion Group had a return on equity of 6.33% and a net margin of 3.36%. Analysts anticipate that Kion Group will post 0.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KIGRY has been the topic of several research reports. Zacks Research lowered Kion Group from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 8th. Oddo Bhf raised shares of Kion Group to an "outperform" rating in a research report on Monday, May 4th. Morgan Stanley upgraded shares of Kion Group to an "overweight" rating in a research note on Tuesday, July 7th. Finally, DZ Bank raised shares of Kion Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Kion Group currently has an average rating of "Moderate Buy".

About Kion Group

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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