Short Interest in Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Increases By 4,046.7%

Key Points

• Short interest in Kuehne & Nagel International AG increased by an astonishing 4,046.7% in September, reaching a total of 124,400 shares.
• Brokerages have downgraded the stock, with Zacks Research shifting from a "hold" to a "strong sell" rating, and Deutsche Bank lowering its rating from "buy" to "hold".
• Kuehne & Nagel International reported $0.49 EPS in its last quarterly earnings, missing estimates of $0.51, while generating revenues of $7.45 billion, surpassing the $6.11 billion forecast.

Kuehne & Nagel International Ag (OTCMKTS:KHNGY - Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 124,400 shares, a growth of 4,046.7% from the September 15th total of 3,000 shares. Based on an average daily volume of 117,600 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 117,600 shares, the short-interest ratio is presently 1.1 days.

Analyst Ratings Changes

Several brokerages have recently weighed in on KHNGY. Zacks Research cut shares of Kuehne & Nagel International from a "hold" rating to a "strong sell" rating in a research report on Friday, September 26th. Deutsche Bank Aktiengesellschaft cut shares of Kuehne & Nagel International from a "buy" rating to a "hold" rating in a research report on Friday, September 19th. Finally, BNP Paribas raised shares of Kuehne & Nagel International from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 17th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce".

Kuehne & Nagel International Stock Performance

Shares of OTCMKTS:KHNGY traded up $0.66 during midday trading on Thursday, reaching $38.31. The company's stock had a trading volume of 66,247 shares, compared to its average volume of 34,865. The firm has a market capitalization of $23.13 billion, a PE ratio of 17.18, a P/E/G ratio of 0.95 and a beta of 0.90. Kuehne & Nagel International has a twelve month low of $36.76 and a twelve month high of $52.06. The stock has a fifty day moving average of $40.28 and a 200 day moving average of $42.75. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20.

Kuehne & Nagel International (OTCMKTS:KHNGY - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.02). Kuehne & Nagel International had a return on equity of 41.79% and a net margin of 4.47%.The business had revenue of $7.45 billion during the quarter, compared to analyst estimates of $6.11 billion. On average, equities analysts expect that Kuehne & Nagel International will post 2.31 EPS for the current fiscal year.

About Kuehne & Nagel International

Kuehne + Nagel International AG, together with its subsidiaries, provides integrated logistics services worldwide. The company operates through four segments: Sea Logistics, Air Logistics, Road Logistics, and Contract Logistics. It offers less-than-container load, reefer and project logistics, and flexible container shipping solutions.

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