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

Kuehne + Nagel International AG (OTCMKTS:KHNGY) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 400 shares, an increase of 100.0% from the September 30th total of 200 shares. Based on an average daily trading volume, of 36,900 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citigroup raised shares of Kuehne + Nagel International to a “strong sell” rating in a research report on Wednesday, October 9th. Barclays upgraded shares of Kuehne + Nagel International to a “hold” rating in a report on Friday, September 27th. Finally, UBS Group upgraded shares of Kuehne + Nagel International to a “hold” rating in a report on Tuesday, October 1st.

Kuehne + Nagel International Price Performance

OTCMKTS:KHNGY traded down $0.18 during midday trading on Friday, hitting $50.65. The company’s stock had a trading volume of 9,098 shares, compared to its average volume of 17,230. Kuehne + Nagel International has a fifty-two week low of $49.61 and a fifty-two week high of $70.74. The firm’s 50 day moving average is $56.12 and its 200-day moving average is $56.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.19 and a quick ratio of 1.19.

About Kuehne + Nagel International

Kuehne + Nagel International AG, together with its subsidiaries, provides integrated logistics services worldwide. The company operates through four segments: Sea Logistics, Air Logistics, Road Logistics, and Contract Logistics. It offers less-than-container load, reefer and project logistics, and flexible container shipping solutions.