Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Shares Shorted: Short Interest Up 239.9% in September

Key Points

• Short interest surged 239.9% to 15,784 shares as of September 15, up from 4,644 shares at the end of August. Despite the increase, short interest represented approximately 0.0% of shares outstanding, with a 1.7-day days-to-cover ratio.
• Kuehne & Nagel shares fell 0.6% to $54.81 during Friday trading, though the price remained near its 52-week high of $56.57. The company has a $33.09 billion market capitalization and trades at a price-to-earnings ratio of 29.79.
• The company beat quarterly expectations, reporting $0.57 in earnings per share versus the $0.55 consensus and revenue of $8.22 billion versus $7.58 billion expected. Analyst sentiment remains mixed, with the stock carrying an overall “Hold” rating.

Kuehne & Nagel International Ag (OTCMKTS:KHNGY - Get Free Report) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 15,784 shares, an increase of 239.9% from the August 31st total of 4,644 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 9,149 shares, the days-to-cover ratio is currently 1.7 days.

Kuehne & Nagel International Trading Down 0.6%

Kuehne & Nagel International stock traded down $0.34 during midday trading on Friday, reaching $54.81. The stock had a trading volume of 8,278 shares, compared to its average volume of 5,081. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.42. The firm has a market cap of $33.09 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 3.07 and a beta of 0.74. Kuehne & Nagel International has a 52-week low of $36.76 and a 52-week high of $56.57. The company has a fifty day moving average of $52.18 and a 200 day moving average of $48.57.

Kuehne & Nagel International (OTCMKTS:KHNGY - Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. Kuehne & Nagel International had a return on equity of 39.21% and a net margin of 3.57%.The firm had revenue of $8.22 billion for the quarter, compared to analysts' expectations of $7.58 billion. On average, analysts anticipate that Kuehne & Nagel International will post 2.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KHNGY shares. Barclays restated an "underweight" rating on shares of Kuehne & Nagel International in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Kuehne & Nagel International in a research report on Tuesday, July 28th. Zacks Research lowered Kuehne & Nagel International from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 16th. Finally, Citigroup reissued a "sell" rating on shares of Kuehne & Nagel International in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold".

Kuehne & Nagel International Company Profile

Kuehne+Nagel International AG is a Switzerland-based global logistics and freight-forwarding company. It provides transportation and supply-chain solutions for businesses across a range of industries, helping customers move, store and manage goods through international logistics networks.

The company's principal services include sea freight, air freight, road logistics and contract logistics. It also offers warehousing and distribution, customs clearance, supply-chain management, project logistics and technology-enabled shipment visibility.

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