Short Interest in Kuehne + Nagel International AG (OTCMKTS:KHNGY) Decreases By 78.0%

Kuehne + Nagel International AG (OTCMKTS:KHNGY) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 2,600 shares, a decline of 78.0% from the November 30th total of 11,800 shares. Based on an average daily volume of 73,600 shares, the days-to-cover ratio is currently 0.0 days.

Kuehne + Nagel International Stock Down 0.4 %

Shares of KHNGY traded down $0.20 during trading on Friday, reaching $46.05. 32,644 shares of the company traded hands, compared to its average volume of 18,445. The stock has a 50-day simple moving average of $47.81 and a 200-day simple moving average of $54.39. Kuehne + Nagel International has a twelve month low of $44.22 and a twelve month high of $70.74. The stock has a market cap of $27.80 billion, a PE ratio of 21.03 and a beta of 0.84.

Kuehne + Nagel International (OTCMKTS:KHNGY) last posted its earnings results on Wednesday, October 23rd. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. Kuehne + Nagel International had a net margin of 4.83% and a return on equity of 37.72%. The firm had revenue of $7.50 billion during the quarter. On average, equities research analysts predict that Kuehne + Nagel International will post 2.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KHNGY shares. UBS Group raised shares of Kuehne + Nagel International to a “hold” rating in a research report on Tuesday, October 1st. Barclays upgraded Kuehne + Nagel International to a “hold” rating in a research report on Friday, September 27th. Finally, Citigroup upgraded Kuehne + Nagel International to a “strong sell” rating in a report on Wednesday, October 9th.

Kuehne + Nagel International Company Profile

Kuehne + Nagel International AG, together with its subsidiaries, provides integrated logistics services worldwide. The company operates through four segments: Sea Logistics, Air Logistics, Road Logistics, and Contract Logistics. It offers less-than-container load, reefer and project logistics, and flexible container shipping solutions.