Short Interest in Kion Group (OTCMKTS:KIGRY) Increases By 10,904.9%

Key Points

• Short interest exploded — short positions rose by 10,904.9%, from 41 to 4,512 shares as of March 31, with a days-to-cover of just 0.1 based on average daily volume of 38,618 shares.
• Analyst stance remains cautious with a consensus rating of Hold (1 Buy, 3 Hold, 1 Sell) after recent moves including Zacks downgrading to "strong sell" and Jefferies moving to "hold."
• Shares traded up 2.6% to $13.11; Kion Group has a market cap of $6.87 billion, a PE of 26.21, and reported quarterly EPS of $0.15 with revenue of $3.61 billion, above estimates.

Kion Group (OTCMKTS:KIGRY - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 4,512 shares, a growth of 10,904.9% from the March 15th total of 41 shares. Based on an average daily volume of 38,618 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Zacks Research downgraded shares of Kion Group from a "hold" rating to a "strong sell" rating in a research note on Friday, March 6th. Jefferies Financial Group raised shares of Kion Group from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold".

Kion Group Trading Up 2.6%

Shares of OTCMKTS KIGRY traded up $0.34 on Friday, reaching $13.11. 6,877 shares of the company traded hands, compared to its average volume of 38,295. Kion Group has a fifty-two week low of $8.93 and a fifty-two week high of $20.54. The company has a 50 day moving average of $15.51 and a 200 day moving average of $17.18. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $6.87 billion, a PE ratio of 26.21 and a beta of 2.21.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.15 EPS for the quarter. Kion Group had a net margin of 2.12% and a return on equity of 4.00%. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.48 billion. On average, equities research analysts forecast that Kion Group will post 0.78 earnings per share for the current fiscal 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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