Kikkoman Co. (OTCMKTS:KIKOY) Sees Significant Drop in Short Interest

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

Analyst Upgrades and Downgrades

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

Kikkoman Stock Up 16.5%

Shares of KIKOY stock traded up $3.05 during trading hours on Thursday, reaching $21.55. The stock had a trading volume of 1,065 shares, compared to its average volume of 443. Kikkoman has a twelve month low of $15.73 and a twelve month high of $21.55. The firm has a 50-day simple moving average of $18.49 and a 200-day simple moving average of $18.53.

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.