Kikkoman Co. (OTCMKTS:KIKOY) Sees Large Growth in Short Interest

Kikkoman Co. (OTCMKTS:KIKOY) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 537 shares, an increase of 1,148.8% from the April 30th total of 43 shares. Based on an average daily trading volume, of 234 shares, the short-interest ratio is presently 2.3 days.

Analysts Set New Price Targets

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

Kikkoman Price Performance

Shares of KIKOY stock opened at $15.95 on Thursday. Kikkoman has a 1-year low of $15.73 and a 1-year high of $20.83. The stock has a 50-day moving average of $18.49 and a 200-day moving average of $18.54.

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.