Short Interest in Kerry Group PLC (OTCMKTS:KRYAY) Drops By 55.0%

Kerry Group PLC (OTCMKTS:KRYAY) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 411 shares, a drop of 55.0% from the February 26th total of 913 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 52,503 shares, the days-to-cover ratio is presently 0.0 days.

Kerry Group Price Performance

Kerry Group stock traded up $0.56 during mid-day trading on Friday, reaching $77.12. 20,153 shares of the stock traded hands, compared to its average volume of 29,222. Kerry Group has a 12-month low of $74.48 and a 12-month high of $113.38. The business’s 50-day moving average is $84.66 and its 200-day moving average is $88.40. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.42.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on shares of Kerry Group in a research report on Friday, January 30th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

About Kerry Group

Kerry Group (OTCMKTS:KRYAY) is a global leader in taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company develops, manufactures and supplies a broad portfolio of ingredients, flavors and integrated solutions designed to enhance taste, improve health and simplify production processes. Kerry’s offerings span across dairy-based ingredients, flavors, texturizers, enzymes, probiotics and nutritional premixes, serving both industrial customers and consumer food brands.

Through its Taste & Nutrition division, Kerry provides customized flavor systems, savory and sweet taste platforms, and nutritional ingredients for applications such as snacks, bakery, dairy, beverages and meat alternatives.