Kion Group Ag (OTCMKTS:KIGRY) Sees Large Decline in Short Interest

Kion Group Ag (OTCMKTS:KIGRY) saw a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 100 shares, a drop of 99.2% from the November 15th total of 11,800 shares. Based on an average trading volume of 35,900 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of Kion Group to a “strong-buy” rating in a report on Thursday, October 10th.

Kion Group Trading Down 5.3 %

Shares of KIGRY stock traded down $0.49 during trading hours on Friday, hitting $8.77. The company had a trading volume of 15,693 shares, compared to its average volume of 29,835. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.07 and a quick ratio of 0.68. The stock has a market capitalization of $4.60 billion, a PE ratio of 12.71 and a beta of 1.96. The company’s fifty day moving average is $9.33 and its 200 day moving average is $9.82. Kion Group has a fifty-two week low of $8.33 and a fifty-two week high of $13.91.

Kion Group (OTCMKTS:KIGRY) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.15 EPS for the quarter. Kion Group had a return on equity of 5.67% and a net margin of 2.88%. The company had revenue of $2.97 billion for the quarter. Research analysts expect that Kion Group will post 0.79 earnings per share for the current fiscal year.

About Kion Group

KION GROUP AG provides industrial trucks and supply chain solutions worldwide. The company operates in Industrial Trucks & Services and Supply Chain Solutions segments. It offers forklift trucks, counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated warehouse trucks, automated guided vehicle systems (AGVs), and towing vehicles under the Linde, STILL, Baoli, Fenwick, and OM brands.