Short Interest in Kuehne + Nagel International AG (OTCMKTS:KHNGY) Grows By 39.5%

Kuehne + Nagel International AG (OTCMKTS:KHNGY – Get Rating) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 6,000 shares, a growth of 39.5% from the February 13th total of 4,300 shares. Based on an average daily trading volume, of 14,600 shares, the days-to-cover ratio is presently 0.4 days.

Kuehne + Nagel International Price Performance

KHNGY opened at $53.48 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.22 and a current ratio of 1.22. Kuehne + Nagel International has a 52-week low of $39.39 and a 52-week high of $63.45. The stock has a market capitalization of $32.29 billion, a PE ratio of 11.55 and a beta of 0.90. The stock’s 50 day moving average price is $50.43 and its 200-day moving average price is $46.86.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. HSBC downgraded Kuehne + Nagel International from a “hold” rating to a “reduce” rating in a research report on Monday, February 27th. Stifel Nicolaus downgraded Kuehne + Nagel International from a “buy” rating to a “hold” rating in a research report on Friday, February 3rd. JPMorgan Chase & Co. upgraded Kuehne + Nagel International from a “neutral” rating to an “overweight” rating in a research report on Friday, February 17th. Sanford C. Bernstein upgraded Kuehne + Nagel International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 8th. Finally, UBS Group downgraded Kuehne + Nagel International from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Kuehne + Nagel International currently has a consensus rating of “Hold” and an average target price of $280.00.

Kuehne + Nagel International Company Profile

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Kühne + Nagel International AG engages in the provision of logistic services. It operates through the following segments: Sea Logistics, Air Logistics, Road Logistics, and Contract Logistics. The company was founded by August Kuehne and Friedrich Nagel in 1890 and is headquartered in Schindellegi, Switzerland.