Short Interest in Kerry Group PLC (OTCMKTS:KRYAY) Increases By 265.3%

Kerry Group PLC (OTCMKTS:KRYAY) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 37,956 shares, an increase of 265.3% from the April 30th total of 10,391 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 298,530 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group began coverage on Kerry Group in a report on Friday, January 30th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Kerry Group Stock Down 0.3%

KRYAY stock traded down $0.24 during trading on Friday, reaching $85.72. 7,190 shares of the stock were exchanged, compared to its average volume of 36,809. The firm’s 50 day moving average is $81.31 and its 200 day moving average is $85.72. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.42. Kerry Group has a twelve month low of $74.48 and a twelve month high of $113.38.

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.