Short Interest in Kion Group (OTCMKTS:KIGRY) Expands By 437.6%

Kion Group (OTCMKTS:KIGRY) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 12,273 shares, a growth of 437.6% from the May 31st total of 2,283 shares. Based on an average trading volume of 23,812 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.

Kion Group Trading Down 3.0%

Shares of KIGRY opened at $10.82 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.68. The firm has a 50 day simple moving average of $12.49 and a 200-day simple moving average of $15.42. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 13.53 and a beta of 2.04. Kion Group has a 1-year low of $10.26 and a 1-year high of $20.54.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KIGRY shares. Oddo Bhf raised Kion Group to an “outperform” rating in a report on Monday, May 4th. Jefferies Financial Group raised 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, Zacks Research upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on 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.