Kirin Holdings Co. (OTCMKTS:KNBWY) Sees Large Drop in Short Interest

Kirin Holdings Co. (OTCMKTS:KNBWY) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 18,143 shares, a drop of 75.5% from the June 15th total of 74,004 shares. Based on an average trading volume of 54,441 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Kirin Stock Performance

KNBWY stock traded down $0.15 during trading on Monday, reaching $17.55. 9,404 shares of the company’s stock were exchanged, compared to its average volume of 32,626. Kirin has a 1-year low of $13.15 and a 1-year high of $18.05. The firm has a market cap of $14.22 billion, a PE ratio of 14.27 and a beta of -0.02. The company’s fifty day moving average price is $16.94 and its 200-day moving average price is $16.32. The company has a quick ratio of 1.01, a current ratio of 1.44 and a debt-to-equity ratio of 0.51.

Kirin (OTCMKTS:KNBWY) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.63 billion. Kirin had a net margin of 6.11% and a return on equity of 9.82%. On average, research analysts expect that Kirin will post 1.37 EPS for the current fiscal 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.