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

Kion Group Ag (OTCMKTS:KIGRY) saw a large increase in short interest in the month of 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. Based on an average daily trading volume, of 74,600 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Kion Group Stock Performance

KIGRY traded down $0.32 on Thursday, hitting $11.21. 11,836 shares of the stock traded hands, compared to its average volume of 31,060. The business has a fifty day moving average price of $10.32 and a two-hundred day moving average price of $9.49. The company has a current ratio of 0.96, a quick ratio of 0.60 and a debt-to-equity ratio of 0.10. Kion Group has a 52 week low of $7.88 and a 52 week high of $13.45. The firm has a market capitalization of $5.88 billion, a PE ratio of 16.25 and a beta of 1.96.

Analysts Set New Price Targets

KIGRY has been the subject of several research reports. Barclays raised Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Citigroup raised shares of Kion Group from a “hold” rating to a “strong-buy” rating in a 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.