Kikkoman Co. (OTCMKTS:KIKOY) Short Interest Down 98.5% in May

Kikkoman Co. (OTCMKTS:KIKOY) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 8 shares, a drop of 98.5% from the May 14th total of 537 shares. Based on an average trading volume of 243 shares, the short-interest ratio is presently 0.0 days.

Kikkoman Price Performance

Shares of KIKOY stock remained flat at $18.50 during trading hours on Tuesday. 941 shares of the company were exchanged, compared to its average volume of 445. Kikkoman has a 1-year low of $15.73 and a 1-year high of $20.35. The company’s fifty day simple moving average is $18.47 and its 200-day simple moving average is $18.54.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Kikkoman to a “hold” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Kikkoman Company Profile

Kikkoman Corporation (OTCMKTS:KIKOY) is a Japan-based food manufacturer best known for its soy sauce and related seasonings. Headquartered in Noda, Chiba Prefecture, the company traces its roots to family-operated soy sauce brewing in the early 1600s and formalized its corporate structure in 1917. Over the decades, Kikkoman has expanded its portfolio to include a wide range of sauces, marinades, dressings, and cooking wines, combining traditional fermentation techniques with modern production methods.

The company’s flagship product remains naturally brewed soy sauce, made from soybeans, wheat, salt and water through a fermentation process that can take several months.