Kion Group Ag (OTCMKTS:KIGRY) Sees Large Increase in Short Interest

Kion Group Ag (OTCMKTS:KIGRY) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 1,600 shares, an increase of 1,500.0% from the September 30th total of 100 shares. Based on an average daily trading volume, of 75,400 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of Kion Group to a “strong-buy” rating in a report on Thursday, October 10th.

Kion Group Stock Performance

KIGRY stock opened at $9.77 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.07 and a quick ratio of 0.68. The stock has a 50-day moving average price of $9.46 and a two-hundred day moving average price of $10.53. Kion Group has a 12-month low of $7.30 and a 12-month high of $13.91.

Kion Group (OTCMKTS:KIGRY) last issued its earnings results on Wednesday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $3.10 billion during the quarter. Kion Group had a return on equity of 5.78% and a net margin of 2.94%. Sell-side analysts expect that Kion Group will post 0.79 EPS for the current fiscal year.

About Kion Group

KION GROUP AG provides industrial trucks and supply chain solutions worldwide. The company operates in Industrial Trucks & Services and Supply Chain Solutions segments. It offers forklift trucks, counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated warehouse trucks, automated guided vehicle systems (AGVs), and towing vehicles under the Linde, STILL, Baoli, Fenwick, and OM brands.