Kirin Holdings Co. (OTCMKTS:KNBWY) Short Interest Down 43.3% in March

Kirin Holdings Co. (OTCMKTS:KNBWY) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 21,678 shares, a decrease of 43.3% from the February 26th total of 38,221 shares. Based on an average trading volume of 78,724 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Kirin Stock Up 0.6%

Shares of OTCMKTS KNBWY opened at $15.49 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $16.19 and its two-hundred day moving average is $15.38. Kirin has a 52-week low of $13.15 and a 52-week high of $17.78. The firm has a market cap of $12.55 billion, a price-to-earnings ratio of 12.70 and a beta of -0.11.

Kirin (OTCMKTS:KNBWY) last issued its quarterly earnings data on Friday, February 13th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. Kirin had a return on equity of 10.00% and a net margin of 6.06%.The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Research analysts predict that Kirin will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Kirin from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th.

About Kirin

Kirin Holdings Company, Limited is a Japan-based global beverage and life sciences group best known for its flagship beer brand. The company’s core operations encompass the brewing and distribution of beer and spirits, the production of soft drinks and other non-alcoholic beverages, and a growing pharmaceuticals and biotech segment. Kirin’s beverage portfolio ranges from mainstream lagers and craft-inspired brews to juices, teas, and carbonated soft drinks sold under various regional labels.

Rooted in the founding of Kirin Brewery Company in 1888, the group restructured into a pure holding company in 2007 to foster greater strategic flexibility.