Short Interest in Kion Group Ag (OTCMKTS:KIGRY) Increases By 556.1%

Kion Group Ag (OTCMKTS:KIGRY) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 26,900 shares, an increase of 556.1% from the February 28th total of 4,100 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 74,600 shares, the days-to-cover ratio is currently 0.4 days.

Kion Group Price Performance

Shares of KIGRY traded down $0.32 on Thursday, hitting $11.21. The company’s stock had a trading volume of 11,836 shares, compared to its average volume of 31,060. The company has a market capitalization of $5.88 billion, a PE ratio of 16.25 and a beta of 1.96. Kion Group has a fifty-two week low of $7.88 and a fifty-two week high of $13.45. The company has a 50 day moving average price of $10.32 and a 200 day moving average price of $9.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.96 and a quick ratio of 0.60.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KIGRY. Barclays upgraded Kion Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Citigroup upgraded shares of Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th.

Kion Group Company Profile

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.