Kerry Logistics Network Limited (OTCMKTS:KRRYF) Sees Large Drop in Short Interest

Kerry Logistics Network Limited (OTCMKTS:KRRYF) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 3,445 shares, a decrease of 46.1% from the December 31st total of 6,388 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Kerry Logistics Network Price Performance

Kerry Logistics Network stock opened at $1.08 on Friday. The company’s fifty day moving average price is $1.08 and its 200 day moving average price is $1.07. Kerry Logistics Network has a 1 year low of $0.91 and a 1 year high of $1.08.

Kerry Logistics Network Company Profile

Kerry Logistics Network Limited, traded on OTC Markets under the symbol KRRYF and listed on the Hong Kong Stock Exchange, is a global logistics and supply chain management company headquartered in Hong Kong. The firm offers a comprehensive range of services including international freight forwarding by air, sea and road; express courier services; contract logistics; warehousing and distribution; and e-commerce solutions. It also provides specialized services such as temperature-controlled logistics for pharmaceuticals and perishable goods, project logistics, and customs brokerage.

Founded in 2004 as part of the Kerry Group conglomerate, Kerry Logistics has grown rapidly through organic expansion and strategic acquisitions.