Kikkoman Co. (OTCMKTS:KIKOY) Short Interest Up 74.2% in June

Kikkoman Co. (OTCMKTS:KIKOY) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 608 shares, a growth of 74.2% from the June 15th total of 349 shares. Based on an average trading volume of 89 shares, the days-to-cover ratio is currently 6.8 days.

Kikkoman Price Performance

Shares of Kikkoman stock opened at $19.65 on Friday. Kikkoman has a 52 week low of $15.73 and a 52 week high of $21.55. The business’s fifty day simple moving average is $19.35 and its 200-day simple moving average is $18.89.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Kikkoman from a “hold” rating to a “strong sell” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

About Kikkoman

Kikkoman Corporation (OTCMKTS:KIKOY) is a Japan-based food manufacturer best known for its soy sauce and related seasonings. Headquartered in Noda, Chiba Prefecture, the company traces its roots to family-operated soy sauce brewing in the early 1600s and formalized its corporate structure in 1917. Over the decades, Kikkoman has expanded its portfolio to include a wide range of sauces, marinades, dressings, and cooking wines, combining traditional fermentation techniques with modern production methods.

The company’s flagship product remains naturally brewed soy sauce, made from soybeans, wheat, salt and water through a fermentation process that can take several months.