Kuehne + Nagel International AG (OTCMKTS:KHNGY) Sees Large Drop in Short Interest

Kuehne + Nagel International AG (OTCMKTS:KHNGY) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 3,600 shares, a decline of 53.8% from the September 15th total of 7,800 shares. Based on an average trading volume of 10,900 shares, the short-interest ratio is presently 0.3 days.

OTCMKTS KHNGY traded up $0.57 on Thursday, reaching $63.97. The company had a trading volume of 4,333 shares, compared to its average volume of 9,565. The firm has a market capitalization of $38.62 billion, a price-to-earnings ratio of 31.51 and a beta of 0.83. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.01. Kuehne + Nagel International has a 1-year low of $39.51 and a 1-year high of $78.44. The company’s fifty day moving average is $70.90 and its 200-day moving average is $67.07.

Kuehne + Nagel International (OTCMKTS:KHNGY) last announced its earnings results on Tuesday, July 20th. The company reported $0.58 earnings per share for the quarter. The firm had revenue of $6.62 billion during the quarter. Kuehne + Nagel International had a net margin of 4.92% and a return on equity of 43.81%. On average, research analysts forecast that Kuehne + Nagel International will post 2.69 earnings per share for the current year.

KHNGY has been the subject of a number of analyst reports. Berenberg Bank raised shares of Kuehne + Nagel International from a “hold” rating to a “buy” rating in a report on Friday, July 30th. BNP Paribas raised shares of Kuehne + Nagel International from an “underperform” rating to a “neutral” rating in a report on Friday, July 2nd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Kuehne + Nagel International in a report on Wednesday, September 29th. Morgan Stanley reissued an “equal weight” rating on shares of Kuehne + Nagel International in a report on Wednesday, July 14th. Finally, Barclays reissued an “underweight” rating on shares of Kuehne + Nagel International in a report on Wednesday, July 21st. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kuehne + Nagel International has an average rating of “Hold” and an average target price of $81.00.

Kuehne + Nagel International Company Profile

K├╝hne + Nagel International AG engages in the provision of logistic services. It operates through the following segments: Sea Freight, Airfreight, Overland, and Contract Logistics. The Sea Freight segment offers services through partnerships with carriers, as well as visibility and monitoring of freight movements via KN Login.

Recommended Story: What is a stock portfolio tracker?

Receive News & Ratings for Kuehne + Nagel International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kuehne + Nagel International and related companies with MarketBeat.com's FREE daily email newsletter.