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

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

Wall Street Analysts Forecast Growth

KIGRY has been the subject of several recent research reports. Zacks Research raised shares of Kion Group from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. DZ Bank raised shares of Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Oddo Bhf raised shares of Kion Group to an “outperform” rating in a research report on Monday, May 4th. Finally, Jefferies Financial Group raised shares of Kion Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kion Group has a consensus rating of “Moderate Buy”.

Kion Group Stock Up 0.8%

Shares of OTCMKTS:KIGRY traded up $0.08 during midday trading on Friday, hitting $10.74. 4,044 shares of the company’s stock were exchanged, compared to its average volume of 9,967. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.68. The stock has a 50 day moving average price of $12.72 and a 200-day moving average price of $15.90. The company has a market cap of $5.63 billion, a PE ratio of 13.43 and a beta of 2.04. Kion Group has a 12 month low of $10.26 and a 12 month high of $20.54.

About Kion Group

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.