Kirin Holdings Co. (OTCMKTS:KNBWY) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

Kirin Holdings Co. (OTCMKTS:KNBWY – Get Free Report) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 30,202 shares, a decrease of 60.7% from the April 30th total of 76,793 shares. Based on an average daily volume of 85,890 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Kirin from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th.

View Our Latest Analysis on KNBWY

Kirin Stock Down 3.6%

Shares of KNBWY stock traded down $0.61 during trading hours on Monday, hitting $16.37. 95,574 shares of the company were exchanged, compared to its average volume of 35,044. The business has a 50 day moving average of $16.29 and a two-hundred day moving average of $15.96. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.53. Kirin has a 52 week low of $13.15 and a 52 week high of $17.87. The company has a market capitalization of $13.26 billion, a PE ratio of 13.31 and a beta of -0.04.

Kirin (OTCMKTS:KNBWY – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.05). Kirin had a return on equity of 9.89% and a net margin of 6.11%.The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.63 billion.

About Kirin

(Get Free Report)

Kirin Holdings Company, Limited is a Japan-based global beverage and life sciences group best known for its flagship beer brand. The company’s core operations encompass the brewing and distribution of beer and spirits, the production of soft drinks and other non-alcoholic beverages, and a growing pharmaceuticals and biotech segment. Kirin’s beverage portfolio ranges from mainstream lagers and craft-inspired brews to juices, teas, and carbonated soft drinks sold under various regional labels.

Rooted in the founding of Kirin Brewery Company in 1888, the group restructured into a pure holding company in 2007 to foster greater strategic flexibility.

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