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

Kerry Group PLC (OTCMKTS:KRYAY) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 11,376 shares, a growth of 124.7% from the June 15th total of 5,062 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 24,013 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a “neutral” rating on shares of Kerry Group in a report on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Kerry Group Trading Down 1.0%

KRYAY stock opened at $94.28 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.68. The company’s fifty day simple moving average is $88.31 and its 200 day simple moving average is $85.50. Kerry Group has a 12-month low of $74.48 and a 12-month high of $106.70.

Kerry Group Company Profile

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.