Kerry Group PLC (OTCMKTS:KRYAY) Stock Short Interest Falls 49.3%
by Mitch Edgeman · The Markets DailyKerry Group PLC (OTCMKTS:KRYAY – Get Free Report) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 6,615 shares, a drop of 49.3% from the August 31st total of 13,043 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 11,924 shares, the days-to-cover ratio is presently 0.6 days.
Kerry Group Price Performance
OTCMKTS KRYAY traded down $2.00 during mid-day trading on Thursday, hitting $94.71. The stock had a trading volume of 5,453 shares, compared to its average volume of 25,679. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.68. The company has a 50 day simple moving average of $96.80 and a 200 day simple moving average of $89.20. Kerry Group has a 52-week low of $74.48 and a 52-week high of $100.38.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Sanford C. Bernstein initiated coverage on shares of Kerry Group in a research note on Wednesday, July 22nd. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kerry Group in a research note on Thursday, July 30th. Citigroup upgraded shares of Kerry Group from a “neutral” rating to a “buy” rating in a research report on Friday, September 25th. Finally, The Goldman Sachs Group raised Kerry Group to a “strong-buy” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat, Kerry Group presently has an average rating of “Buy”.
Check Out Our Latest Stock Analysis on Kerry Group
Institutional Trading of Kerry Group
An institutional investor recently raised its stake in Kerry Group stock. Madison Asset Management LLC grew its position in shares of Kerry Group PLC (OTCMKTS:KRYAY – Free Report) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 31,751 shares of the company’s stock after purchasing an additional 113 shares during the quarter. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 as of its most recent filing with the SEC. Institutional investors own 0.22% of the company’s stock.
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.