Short Interest in Kion Group (OTCMKTS:KIGRY) Rises By 208.9%

Kion Group (OTCMKTS:KIGRYGet Free Report) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 2,283 shares, an increase of 208.9% from the May 14th total of 739 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 18,219 shares, the short-interest ratio is currently 0.1 days.

Kion Group Trading Up 0.8%

OTCMKTS:KIGRY opened at $10.74 on Friday. The company’s 50 day moving average price is $12.72 and its 200-day moving average price is $15.90. Kion Group has a 52 week low of $10.26 and a 52 week high of $20.54. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 0.15. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 13.43 and a beta of 2.04.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Oddo Bhf upgraded shares of Kion Group to an “outperform” rating in a report on Monday, May 4th. DZ Bank upgraded shares of Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Zacks Research upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a report on Friday, June 5th. Finally, Jefferies Financial Group upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

View Our Latest Stock 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.

Further Reading

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