Kion Group (OTCMKTS:KIGRY) Stock Short Interest Declines 66.5%

Key Points

• Short interest fell 66.5% to 1,401 shares as of September 30, representing 0.0% of Kion Group’s shares outstanding and a days-to-cover ratio of 0.0.
• Kion Group shares traded at $9.46, near their 12-month low of $9.33 and well below the 50-day and 200-day moving averages. The company reported quarterly revenue of $3.39 billion, above analyst expectations of $3.28 billion, and EPS of $0.25.
• Analyst sentiment is generally positive, with upgrades from Morgan Stanley and Citigroup and an overall “Moderate Buy” consensus rating based on one Strong Buy, five Buy, and two Hold ratings.

Kion Group (OTCMKTS:KIGRY - Get Free Report) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 1,401 shares, a decrease of 66.5% from the September 15th total of 4,177 shares. Based on an average daily trading volume, of 39,857 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Kion Group Price Performance

Shares of OTCMKTS:KIGRY traded down $0.09 on Monday, hitting $9.46. The stock had a trading volume of 2,926 shares, compared to its average volume of 22,097. Kion Group has a twelve month low of $9.33 and a twelve month high of $20.54. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 1.00. The firm's 50 day moving average price is $11.73 and its 200-day moving average price is $12.10. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 11.13 and a beta of 2.08.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter. Kion Group had a net margin of 3.36% and a return on equity of 6.26%. The business had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $3.28 billion. On average, equities research analysts predict that Kion Group will post 0.84 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KIGRY. Morgan Stanley upgraded shares of Kion Group to an "overweight" rating in a research report on Tuesday, July 7th. Barclays reissued an "overweight" rating on shares of Kion Group in a research report on Monday, October 5th. Citigroup upgraded shares of Kion Group from a "neutral" rating to a "buy" rating in a research note on Tuesday, September 8th. Finally, Zacks Research upgraded shares of Kion Group from a "strong sell" rating to a "hold" rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

About Kion Group

KION Group AG is a Germany-based provider of industrial trucks, supply chain solutions and warehouse automation technologies. Its products and services include forklift trucks, warehouse equipment, automated material-handling systems, robotics, warehouse management software and related maintenance and support services.

The company operates through two principal segments: Industrial Trucks & Services, which provides products such as counterbalance trucks, warehouse trucks and fleet-management solutions, and Supply Chain Solutions, which develops automated systems and software for distribution centers and logistics operations.

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