Kerry Group PLC (OTCMKTS:KRYAY) Sees Significant Decrease in Short Interest

Kerry Group PLC (OTCMKTS:KRYAY) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 7,408 shares, a drop of 34.9% from the June 30th total of 11,376 shares. Based on an average daily volume of 21,856 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KRYAY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kerry Group in a report on Thursday. Sanford C. Bernstein initiated coverage on Kerry Group in a research note on Wednesday, July 22nd. They issued an “outperform” rating on the stock. Finally, Citigroup reaffirmed a “neutral” rating on shares of Kerry Group in a research report on Thursday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Kerry Group Trading Down 2.0%

Shares of KRYAY traded down $1.91 during mid-day trading on Friday, reaching $95.83. The stock had a trading volume of 4,681 shares, compared to its average volume of 31,100. The business has a fifty day moving average of $90.49 and a 200 day moving average of $86.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.68. Kerry Group has a 12 month low of $74.48 and a 12 month high of $98.58.

About Kerry Group

Kerry Group (OTCMKTS:KRYAY) is a global leader in taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company develops, manufactures and supplies a broad portfolio of ingredients, flavors and integrated solutions designed to enhance taste, improve health and simplify production processes. Kerry’s offerings span across dairy-based ingredients, flavors, texturizers, enzymes, probiotics and nutritional premixes, serving both industrial customers and consumer food brands.

Through its Taste & Nutrition division, Kerry provides customized flavor systems, savory and sweet taste platforms, and nutritional ingredients for applications such as snacks, bakery, dairy, beverages and meat alternatives.