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

Kion Group (OTCMKTS:KIGRY) saw 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 trading volume, of 18,219 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Kion Group Trading Down 1.5%

Shares of Kion Group stock opened at $10.69 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 0.99. The stock has a market capitalization of $5.61 billion, a P/E ratio of 13.36 and a beta of 2.04. Kion Group has a 52-week low of $10.26 and a 52-week high of $20.54. The stock’s 50-day simple moving average is $12.77 and its 200 day simple moving average is $15.94.

Wall Street Analyst Weigh In

KIGRY has been the topic of several analyst reports. Zacks Research upgraded Kion Group from a “strong sell” rating to a “hold” rating in a report on Friday, June 5th. Jefferies Financial Group upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. DZ Bank upgraded shares of Kion Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, Oddo Bhf upgraded Kion Group to an “outperform” rating in a research note on Monday, May 4th. One investment 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 company. According to MarketBeat.com, the company has an average 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.