Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Stock Short Interest Report for October

Key Points

• Short interest surged 90.6% to 11,892 shares as of October 15, up from 6,238 shares at the end of September. Despite the increase, short interest represented approximately 0.0% of outstanding shares, with a days-to-cover ratio of 1.0.
• Analyst sentiment remained mixed, with ratings ranging from Strong Buy to Sell; MarketBeat’s overall consensus rating was Hold.
• Kuehne & Nagel reported quarterly EPS of $0.79, exceeding the $0.58 consensus estimate, while revenue of $9.09 billion also surpassed expectations. Shares opened at $57.54, near the company’s 52-week high of $57.65.

Kuehne & Nagel International Ag (OTCMKTS:KHNGY - Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 11,892 shares, a growth of 90.6% from the September 30th total of 6,238 shares. Based on an average daily volume of 11,419 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.0% of the company's stock are sold short.

Analysts Set New Price Targets

KHNGY has been the subject of a number of analyst reports. Barclays reiterated an "underweight" rating on shares of Kuehne & Nagel International in a research note on Friday, July 24th. Zacks Research raised Kuehne & Nagel International from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 22nd. Citigroup restated a "sell" rating on shares of Kuehne & Nagel International in a research note on Wednesday. Royal Bank Of Canada started coverage on shares of Kuehne & Nagel International in a research note on Thursday, October 15th. They issued a "hold" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Kuehne & Nagel International in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold".

Kuehne & Nagel International Stock Up 0.3%

KHNGY opened at $57.54 on Friday. The business's 50-day simple moving average is $54.33 and its 200-day simple moving average is $48.95. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.97 and a current ratio of 0.97. Kuehne & Nagel International has a one year low of $36.80 and a one year high of $57.65. The stock has a market capitalization of $34.74 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 3.62 and a beta of 0.73.

Kuehne & Nagel International (OTCMKTS:KHNGY - Get Free Report) last announced its earnings results on Thursday, October 22nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.21. The firm had revenue of $9.09 billion during the quarter, compared to analysts' expectations of $7.70 billion. Kuehne & Nagel International had a return on equity of 43.31% and a net margin of 3.82%. Analysts anticipate that Kuehne & Nagel International will post 2.26 EPS for the current year.

Kuehne & Nagel International Company Profile

Kuehne & Nagel International AG is a global logistics and supply chain management company headquartered in Schindellegi, Switzerland. The company provides transportation and logistics services for businesses across a range of industries, including technology, healthcare, aerospace, automotive, retail and consumer goods.

Its main activities include sea freight, air freight, road logistics and contract logistics. Kuehne+Nagel also offers customs brokerage, warehousing, distribution, supply chain planning and technology-enabled logistics solutions.

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