Kion Group (OTCMKTS:KIGRY) Shares Shorted: Short Interest Down 66.5% in September

Kion Group (OTCMKTS:KIGRY – Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,401 shares, a decrease of 66.5% from the September 15th total of 4,177 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 39,857 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Citigroup upgraded Kion Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 8th. Morgan Stanley upgraded shares of Kion Group to an “overweight” rating in a research note on Tuesday, July 7th. Zacks Research upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, Barclays reiterated an “overweight” rating on shares of Kion Group in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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Kion Group Stock Performance

Shares of OTCMKTS:KIGRY opened at $9.35 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21. Kion Group has a 12-month low of $9.32 and a 12-month high of $20.54. The business has a 50 day moving average of $11.68 and a two-hundred day moving average of $12.08. The company has a market capitalization of $4.90 billion, a PE ratio of 11.00 and a beta of 2.08.

Kion Group (OTCMKTS:KIGRY – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter. Kion Group had a net margin of 3.36% and a return on equity of 6.26%. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.28 billion. As a group, analysts forecast that Kion Group will post 0.84 EPS for the current year.

Kion Group Company Profile

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KION Group AG is a Germany-based provider of industrial trucks, supply chain solutions and warehouse automation technologies. Its products and services include forklift trucks, warehouse equipment, automated material-handling systems, robotics, warehouse management software and related maintenance and support services.

The company operates through two principal segments: Industrial Trucks & Services, which provides products such as counterbalance trucks, warehouse trucks and fleet-management solutions, and Supply Chain Solutions, which develops automated systems and software for distribution centers and logistics operations.

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