Kirin Holdings Co. (OTCMKTS:KNBWY) Short Interest Down 33.6% in December

Kirin Holdings Co. (OTCMKTS:KNBWY) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 54,538 shares, a drop of 33.6% from the November 30th total of 82,135 shares. Based on an average trading volume of 42,618 shares, the short-interest ratio is currently 1.3 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 42,618 shares, the short-interest ratio is currently 1.3 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Kirin from a “buy” rating to a “hold” rating in a report on Monday, December 15th.

Kirin Stock Performance

Shares of Kirin stock traded down $0.34 on Tuesday, hitting $15.01. The stock had a trading volume of 3,223 shares, compared to its average volume of 55,287. The stock has a market cap of $12.16 billion, a price-to-earnings ratio of 21.75 and a beta of -0.06. The company has a current ratio of 1.35, a quick ratio of 0.85 and a debt-to-equity ratio of 0.58. Kirin has a 52-week low of $12.25 and a 52-week high of $16.15. The company’s 50 day moving average price is $15.10 and its 200 day moving average price is $14.56.

Kirin (OTCMKTS:KNBWY) last released its quarterly earnings results on Tuesday, November 11th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.34 by $0.08. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.16 billion. Kirin had a return on equity of 5.74% and a net margin of 3.47%. On average, research analysts anticipate that Kirin will post 1.12 EPS for the current year.

About Kirin

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.