Short Interest in Kerry Group PLC (OTCMKTS:KRYAY) Decreases By 34.9%

Kerry Group PLC (OTCMKTS:KRYAY) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 7,408 shares, a drop of 34.9% from the June 30th total of 11,376 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 21,856 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kerry Group in a report on Thursday. Citigroup restated a “neutral” rating on shares of Kerry Group in a research note on Thursday. Finally, Sanford C. Bernstein assumed coverage on Kerry Group in a report on Wednesday, July 22nd. They issued an “outperform” rating for the company. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Kerry Group Stock Performance

Shares of KRYAY traded down $1.94 during trading hours on Friday, hitting $95.80. The company had a trading volume of 5,272 shares, compared to its average volume of 16,194. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42. Kerry Group has a one year low of $74.48 and a one year high of $98.58. The company’s fifty day moving average price is $90.66 and its two-hundred day moving average price is $86.07.

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.