Short Interest in Kion Group (OTCMKTS:KIGRY) Declines By 99.7%

Key Points

• Short interest fell 99.7% to just 41 shares as of July 31, down from 14,866 shares two weeks earlier; virtually 0.0% of Kion Group’s stock was sold short.
• Analyst sentiment was mixed but leaned positive, with upgrades from Oddo Bhf, DZ Bank and Morgan Stanley. MarketBeat reported a consensus rating of “Moderate Buy,” despite a Zacks Research downgrade to “Strong Sell.”
• Kion Group reported quarterly earnings of $0.25 per share and revenue of $3.39 billion, exceeding analysts’ $3.28 billion estimate. Shares traded at $11.79, near the lower end of their $10.26–$20.54 52-week range.

Kion Group (OTCMKTS:KIGRY - Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 41 shares, a decrease of 99.7% from the July 15th total of 14,866 shares. Based on an average daily trading volume, of 11,343 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's stock are sold short.

Analysts Set New Price Targets

Several brokerages recently commented on KIGRY. Oddo Bhf upgraded shares of Kion Group to an "outperform" rating in a research note on Monday, May 4th. DZ Bank upgraded shares of Kion Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 19th. Morgan Stanley raised Kion Group to an "overweight" rating in a report on Tuesday, July 7th. Finally, Zacks Research downgraded Kion Group from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

Kion Group Stock Performance

Shares of KIGRY traded up $0.34 during mid-day trading on Tuesday, reaching $11.79. 3,382 shares of the company's stock were exchanged, compared to its average volume of 7,616. The business's fifty day simple moving average is $11.56 and its 200-day simple moving average is $13.65. The stock has a market capitalization of $6.18 billion, a PE ratio of 13.87 and a beta of 2.05. Kion Group has a 52-week low of $10.26 and a 52-week high of $20.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.10 and a quick ratio of 0.77.

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

Kion Group Company Profile

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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