Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Shares Shorted: Short Interest Down 60.5% in September

Key Points

• Short interest fell 60.5% in September to 6,238 shares, representing virtually 0.0% of outstanding shares and only 0.5 days to cover.
• Kuehne & Nagel shares opened at $54.77, near their 52-week high of $56.57, with a market capitalization of $33.07 billion and a P/E ratio of 29.77.
• The company beat quarterly expectations with earnings of $0.57 per share versus $0.55 expected and revenue of $8.22 billion versus $7.58 billion, but analysts’ consensus rating remains Hold.

Kuehne & Nagel International Ag (OTCMKTS:KHNGY - Get Free Report) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 6,238 shares, a decline of 60.5% from the September 15th total of 15,784 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 13,553 shares, the days-to-cover ratio is presently 0.5 days.

Kuehne & Nagel International Price Performance

OTCMKTS KHNGY opened at $54.77 on Tuesday. The business's fifty day moving average is $52.94 and its 200 day moving average is $49.41. Kuehne & Nagel International has a fifty-two week low of $36.76 and a fifty-two week high of $56.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $33.07 billion, a PE ratio of 29.77, a price-to-earnings-growth ratio of 3.44 and a beta of 0.73.

Kuehne & Nagel International (OTCMKTS:KHNGY - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm had revenue of $8.22 billion for the quarter, compared to the consensus estimate 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 2.16 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KHNGY. Zacks Research cut shares of Kuehne & Nagel International from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 16th. Citigroup restated a "sell" rating on shares of Kuehne & Nagel International in a research report on Friday, July 24th. Barclays reaffirmed an "underweight" rating on shares of Kuehne & Nagel International in a report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Kuehne & Nagel International in a report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold".

Kuehne & Nagel International Company Profile

Kuehne+Nagel International AG is a Switzerland-based global logistics company that provides transportation and supply chain management services to businesses worldwide. The company organizes the movement of goods by sea, air, road and rail, serving customers across industries including healthcare, consumer goods, technology, industrial manufacturing and aerospace.

Its services include ocean and air freight forwarding, road logistics, contract logistics, warehousing, distribution, customs clearance and supply chain management.

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