Kerry Group PLC (OTCMKTS:KRYAY) Sees Significant Increase in Short Interest

Kerry Group PLC (OTCMKTS:KRYAY) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 429 shares, an increase of 479.7% from the December 15th total of 74 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 24,466 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 24,466 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KRYAY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kerry Group in a research note on Wednesday, September 24th. UBS Group reaffirmed a “neutral” rating on shares of Kerry Group in a research report on Thursday, September 25th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Kerry Group presently has a consensus rating of “Moderate Buy”.

Kerry Group Stock Down 0.1%

OTCMKTS:KRYAY opened at $86.62 on Tuesday. The stock has a 50 day simple moving average of $90.15 and a 200 day simple moving average of $93.66. Kerry Group has a 1-year low of $84.56 and a 1-year high of $113.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 0.99.

About Kerry Group

Kerry Group (OTCMKTS:KRYAY) is a global leader in taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company develops, manufactures and supplies a broad portfolio of ingredients, flavors and integrated solutions designed to enhance taste, improve health and simplify production processes. Kerry’s offerings span across dairy-based ingredients, flavors, texturizers, enzymes, probiotics and nutritional premixes, serving both industrial customers and consumer food brands.

Through its Taste & Nutrition division, Kerry provides customized flavor systems, savory and sweet taste platforms, and nutritional ingredients for applications such as snacks, bakery, dairy, beverages and meat alternatives.