Kerry Group PLC (OTCMKTS:KRYAY) Shares Shorted: Short Interest Down 49.3% in September

Kerry Group PLC (OTCMKTS:KRYAY) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 6,615 shares, a decrease of 49.3% from the August 31st total of 13,043 shares. Based on an average daily trading volume, of 11,924 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

Kerry Group Stock Performance

Shares of Kerry Group stock traded up $0.61 on Wednesday, reaching $97.15. 3,537 shares of the stock were exchanged, compared to its average volume of 25,768. Kerry Group has a 1-year low of $74.48 and a 1-year high of $100.38. The business has a fifty day moving average price of $96.75 and a two-hundred day moving average price of $89.08. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42.

Hedge Funds Weigh In On Kerry Group

A hedge fund recently raised its stake in Kerry Group stock. Madison Asset Management LLC lifted its holdings in shares of Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,751 shares of the company’s stock after buying an additional 113 shares during the period. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KRYAY shares. Citigroup raised Kerry Group from a “neutral” rating to a “buy” rating in a report on Friday, September 25th. Sanford C. Bernstein assumed coverage on Kerry Group in a research report on Wednesday, July 22nd. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kerry Group in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group upgraded Kerry Group to a “strong-buy” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Kerry Group presently has an average rating of “Buy”.

About Kerry Group

Kerry Group plc is an Ireland-based food and beverage company that develops taste, nutrition and functional ingredient solutions for manufacturers across the food, beverage and pharmaceutical industries. Its portfolio includes flavors, seasonings, food protection systems, plant-based ingredients, nutritional solutions, enzymes and other technologies designed to improve the taste, texture, nutrition, shelf life and production efficiency of consumer products.

The company serves customers in categories including beverages, dairy, meat and meat alternatives, bakery, snacks, prepared foods and nutrition.