Kirin Holdings Co. (OTCMKTS:KNBWY) Stock Short Interest Climbs 171.5%

Kirin Holdings Co. (OTCMKTS:KNBWY) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 54,238 shares, a growth of 171.5% from the September 30th total of 19,979 shares. Based on an average daily trading volume, of 52,902 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.0% of the company’s stock are sold short.

Kirin Price Performance

KNBWY opened at $18.00 on Friday. The firm has a 50-day moving average price of $18.44 and a 200-day moving average price of $17.21. Kirin has a twelve month low of $14.01 and a twelve month high of $19.99. The company has a quick ratio of 1.02, a current ratio of 1.48 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $14.58 billion, a price-to-earnings ratio of 11.47 and a beta of 0.01.

Kirin (OTCMKTS:KNBWY) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.16. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.87 billion. Kirin had a return on equity of 12.22% and a net margin of 7.79%. Equities analysts expect that Kirin will post 1.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Kirin from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Kirin currently has an average rating of “Hold”.

Kirin Company Profile

Kirin Holdings Company, Limited is a Japan-based consumer products group best known for its beer, alcoholic beverages, soft drinks and health science businesses. The company operates primarily through its beverage operations, which produce and market beer, ready-to-drink alcoholic beverages, wine, nonalcoholic drinks, tea and functional beverages.

Kirin’s portfolio includes established Japanese brands such as Kirin Ichiban Shibori beer, Kirin Lager, Hyoketsu ready-to-drink beverages, Afternoon Tea and Gogo no Kocha tea.