Short Interest in Kion Group (OTCMKTS:KIGRY) Declines By 74.9%

by · The Cerbat Gem

Kion Group (OTCMKTS:KIGRY – Get Free Report) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 1,709 shares, a decline of 74.9% from the November 30th total of 6,808 shares. Based on an average trading volume of 15,810 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 15,810 shares, the short-interest ratio is presently 0.1 days.

Kion Group Price Performance

Shares of Kion Group stock traded up $0.12 during midday trading on Thursday, reaching $19.77. The company had a trading volume of 2,908 shares, compared to its average volume of 6,540. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of 34.09 and a beta of 2.19. Kion Group has a 1-year low of $7.66 and a 1-year high of $19.77. The company has a current ratio of 0.97, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $17.96 and a 200 day simple moving average of $16.39.

Kion Group (OTCMKTS:KIGRY – Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Kion Group had a return on equity of 4.59% and a net margin of 2.48%. As a group, equities research analysts forecast that Kion Group will post 0.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

KIGRY has been the subject of a number of research reports. DZ Bank downgraded Kion Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Citigroup cut shares of Kion Group from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kion Group in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kion Group has a consensus rating of “Moderate Buy”.

Read Our Latest Research Report on KIGRY

Kion Group Company Profile

(Get Free Report)

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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