Kirin Holdings Co. (OTCMKTS:KNBWY) Short Interest Update

Kirin Holdings Co. (OTCMKTS:KNBWY) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 30,202 shares, a drop of 60.7% from the April 30th total of 76,793 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 85,890 shares, the days-to-cover ratio is currently 0.4 days.

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.

Kirin Trading Down 0.7%

Shares of OTCMKTS:KNBWY traded down $0.12 on Friday, hitting $16.98. 36,062 shares of the company’s stock were exchanged, compared to its average volume of 34,363. Kirin has a 12 month low of $13.15 and a 12 month high of $17.87. The stock has a market capitalization of $13.76 billion, a price-to-earnings ratio of 13.80 and a beta of -0.04. The business’s 50 day simple moving average is $16.27 and its two-hundred day simple moving average is $15.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.37 and a quick ratio of 0.93.

Kirin (OTCMKTS:KNBWY) last released its earnings results on Thursday, May 14th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.05). Kirin had a return on equity of 9.89% and a net margin of 6.11%.The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.63 billion.

Kirin Company Profile

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.