Kirin Holdings Co. (OTCMKTS:KNBWY) Sees Large Decline in Short Interest

Kirin Holdings Co. (OTCMKTS:KNBWY) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 18,143 shares, a decrease of 75.5% from the June 15th total of 74,004 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 54,441 shares, the short-interest ratio is presently 0.3 days.

Kirin Stock Down 0.7%

Shares of Kirin stock opened at $17.59 on Tuesday. The firm has a market cap of $14.25 billion, a PE ratio of 14.30 and a beta of -0.02. The business’s 50 day simple moving average is $16.97 and its 200 day simple moving average is $16.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.01 and a current ratio of 1.44. Kirin has a 52-week low of $13.15 and a 52-week high of $18.05.

Kirin (OTCMKTS:KNBWY) last released its earnings results on Thursday, May 14th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.05). The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.63 billion. Kirin had a return on equity of 9.82% and a net margin of 6.11%. On average, analysts predict that Kirin will post 1.37 earnings per share for the current fiscal year.

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.