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

Kion Group Ag (OTCMKTS:KIGRY) saw 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 74,600 shares, the short-interest ratio is presently 0.4 days.

Kion Group Trading Down 2.8 %

Shares of OTCMKTS:KIGRY traded down $0.32 on Wednesday, reaching $11.21. 11,836 shares of the company traded hands, compared to its average volume of 31,060. Kion Group has a 52 week low of $7.88 and a 52 week high of $13.45. The company has a current ratio of 0.96, a quick ratio of 0.60 and a debt-to-equity ratio of 0.10. The business’s 50-day simple moving average is $10.32 and its 200 day simple moving average is $9.49. The stock has a market capitalization of $5.88 billion, a P/E ratio of 16.25 and a beta of 1.96.

Wall Street Analysts Forecast Growth

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

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.