Kion Group (OTCMKTS:KIGRY – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 14,866 shares, a growth of 698.0% from the June 30th total of 1,863 shares. Based on an average daily trading volume, of 23,576 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are sold short.
Kion Group Stock Up 1.3%
Shares of OTCMKTS KIGRY opened at $11.45 on Friday. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 14.31 and a beta of 2.05. Kion Group has a 52 week low of $10.26 and a 52 week high of $20.54. The firm has a 50-day moving average price of $11.79 and a 200 day moving average price of $14.32. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 0.15.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on KIGRY shares. Zacks Research lowered Kion Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Oddo Bhf upgraded Kion Group to an “outperform” rating in a research report on Monday, May 4th. Morgan Stanley raised Kion Group to an “overweight” rating in a research note on Tuesday, July 7th. Finally, DZ Bank raised Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
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.
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