Kirin Holdings Co. (OTCMKTS:KNBWY) Short Interest Update

Kirin Holdings Co. (OTCMKTS:KNBWY) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 21,678 shares, a decrease of 43.3% from the February 26th total of 38,221 shares. Based on an average daily volume of 78,724 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Kirin from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th.

Kirin Price Performance

Shares of KNBWY stock traded up $0.09 during mid-day trading on Friday, reaching $15.49. The stock had a trading volume of 43,376 shares, compared to its average volume of 38,103. The company has a market cap of $12.55 billion, a P/E ratio of 12.70 and a beta of -0.11. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.53. Kirin has a 12-month low of $13.15 and a 12-month high of $17.78. The business has a 50-day simple moving average of $16.19 and a 200 day simple moving average of $15.38.

Kirin (OTCMKTS:KNBWY) last released its quarterly earnings data on Friday, February 13th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.30 by $0.06. Kirin had a net margin of 6.06% and a return on equity of 10.00%. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.22 billion. On average, sell-side analysts anticipate that Kirin will post 1.12 earnings per share for the current year.

About Kirin

Kirin Holdings Company, Limited is a Japan-based global beverage and life sciences group best known for its flagship beer brand. The company’s core operations encompass the brewing and distribution of beer and spirits, the production of soft drinks and other non-alcoholic beverages, and a growing pharmaceuticals and biotech segment. Kirin’s beverage portfolio ranges from mainstream lagers and craft-inspired brews to juices, teas, and carbonated soft drinks sold under various regional labels.

Rooted in the founding of Kirin Brewery Company in 1888, the group restructured into a pure holding company in 2007 to foster greater strategic flexibility.