Kuehne + Nagel International AG (OTCMKTS:KHNGY) Short Interest Up 546.2% in December

Kuehne + Nagel International AG (OTCMKTS:KHNGY) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 16,800 shares, a growth of 546.2% from the December 15th total of 2,600 shares. Based on an average daily volume of 85,300 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

KHNGY has been the subject of several analyst reports. Barclays upgraded shares of Kuehne + Nagel International to a “hold” rating in a research note on Friday, September 27th. Citigroup raised Kuehne + Nagel International to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, UBS Group raised Kuehne + Nagel International to a “hold” rating in a research report on Tuesday, October 1st.

Kuehne + Nagel International Price Performance

Shares of Kuehne + Nagel International stock traded down $0.34 during trading hours on Tuesday, reaching $43.95. The company had a trading volume of 66,052 shares, compared to its average volume of 51,879. Kuehne + Nagel International has a one year low of $43.66 and a one year high of $69.02. The business has a fifty day simple moving average of $46.61 and a 200 day simple moving average of $53.29. The firm has a market cap of $26.54 billion, a PE ratio of 20.07 and a beta of 0.84.

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

About Kuehne + Nagel International

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.