Kion Group Ag (OTCMKTS:KIGRY) Sees Significant Growth in Short Interest - MarketBeat

2022-09-17 11:21:16 By : Ms. Celia Zhang

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Kion Group Ag (OTCMKTS:KIGRY - Get Rating) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 109,700 shares, a growth of 1,382.4% from the August 15th total of 7,400 shares. Based on an average daily volume of 362,600 shares, the days-to-cover ratio is presently 0.3 days. Wall Street Analyst Weigh In

KIGRY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Kion Group from €75.00 ($76.53) to €54.00 ($55.10) and set a "hold" rating for the company in a research note on Wednesday, July 6th. Morgan Stanley cut their price objective on Kion Group from €63.00 ($64.29) to €58.00 ($59.18) in a research report on Wednesday, August 10th. JPMorgan Chase & Co. upgraded shares of Kion Group from a "neutral" rating to an "overweight" rating in a research note on Thursday, September 1st. Sanford C. Bernstein lowered shares of Kion Group from a "market perform" rating to an "underperform" rating in a research report on Monday, July 11th. Finally, UBS Group decreased their price objective on shares of Kion Group from €83.00 ($84.69) to €75.00 ($76.53) and set a "buy" rating on the stock in a report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $68.80.Kion Group Trading Down 8.2 %

Shares of Kion Group stock traded down $0.71 during trading on Tuesday, hitting $7.98. 220,405 shares of the company were exchanged, compared to its average volume of 84,861. The firm's fifty day moving average price is $10.50 and its 200 day moving average price is $13.09. Kion Group has a 1-year low of $7.70 and a 1-year high of $29.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.60. The firm has a market capitalization of $4.19 billion, a P/E ratio of 6.80 and a beta of 1.53. Kion Group Company Profile (Get Rating)

KION GROUP AG provides industrial trucks, warehouse technology, supply chain solutions, and related services worldwide. The company operates through Industrial Trucks & Services, and Supply Chain Solutions segments. It develops, manufactures, and sells forklift and warehouse trucks, such as counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated industrial trucks, and towing vehicles under the Linde, Fenwick, STILL, Baoli, and OM brand names.Featured ArticlesGet a free copy of the StockNews.com research report on Kion Group (KIGRY)This Is What To Expect From The S&P 500 NowThe Two Things You Need To Know About Oracle’s FQ1 ReportThree Value Stocks For A Volatile Market3 Energy Stocks Nearing Breakouts From Cup-Shaped PatternsDo These Dividend Achievers Deserve A Place In Your Portfolio?

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