Short Interest in Kerry Group PLC (OTCMKTS:KRYAY) Increases By 479.7%

Kerry Group PLC (OTCMKTS:KRYAY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 429 shares, an increase of 479.7% from the December 15th total of 74 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 24,466 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 24,466 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Kerry Group Stock Performance

Shares of KRYAY traded down $0.06 during midday trading on Monday, hitting $86.62. 16,424 shares of the company’s stock traded hands, compared to its average volume of 16,059. Kerry Group has a 1 year low of $84.56 and a 1 year high of $113.38. The firm’s fifty day moving average is $90.21 and its 200-day moving average is $93.82. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.99 and a current ratio of 1.37.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Kerry Group in a research report on Wednesday, September 24th. UBS Group restated a “neutral” rating on shares of Kerry Group in a research note on Thursday, September 25th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Kerry Group has a consensus rating of “Moderate Buy”.

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.