Short Interest in Kerry Group plc (OTCMKTS:KRYAF) Drops By 52.5%

Kerry Group plc (OTCMKTS:KRYAF) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 4,542 shares, a decrease of 52.5% from the July 15th total of 9,565 shares. Based on an average daily volume of 44 shares, the short-interest ratio is presently 103.2 days.

Kerry Group Stock Performance

Shares of Kerry Group stock remained flat at $94.25 during trading on Friday. 70 shares of the stock traded hands, compared to its average volume of 770. The business’s 50-day simple moving average is $90.87 and its 200-day simple moving average is $85.97. Kerry Group has a 1-year low of $75.59 and a 1-year high of $96.00.

Kerry Group Company Profile

Kerry Group is a global food ingredients and flavors company that develops, manufactures and supplies taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company operates through two main divisions: Taste & Nutrition, which provides flavors, specialty ingredients and integrated systems to food and drink manufacturers, and Consumer Foods, which offers branded cheese, meats and convenience foods in selected markets. Its product portfolio spans savory and sweet taste systems, dairy and plant-based ingredients, culinary seasonings, bakery and beverage solutions.

Since its founding in 1972 by a group of dairy farmers in County Kerry, Ireland, Kerry Group has grown into one of the world’s leading providers of food ingredients.