Kerry Group PLC (OTCMKTS:KRYAY) Short Interest Up 143.3% in August

Kerry Group PLC (OTCMKTS:KRYAY) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 8,375 shares, a growth of 143.3% from the July 30th total of 3,442 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 11,396 shares, the days-to-cover ratio is presently 0.7 days.

Kerry Group Trading Up 0.6%

Shares of KRYAY traded up $0.60 during mid-day trading on Friday, hitting $98.66. The company’s stock had a trading volume of 4,581 shares, compared to its average volume of 6,328. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.42. Kerry Group has a 1-year low of $74.48 and a 1-year high of $100.38. The firm has a 50-day simple moving average of $95.10 and a 200 day simple moving average of $87.36.

Institutional Investors Weigh In On Kerry Group

An institutional investor recently raised its position in Kerry Group stock. Madison Asset Management LLC lifted its stake in shares of Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,751 shares of the company’s stock after purchasing an additional 113 shares during the quarter. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 at the end of the most recent quarter. 0.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein assumed coverage on shares of Kerry Group in a report on Wednesday, July 22nd. They issued an “outperform” rating on the stock. The Goldman Sachs Group raised shares of Kerry Group to a “strong-buy” rating in a research report on Thursday, August 20th. Citigroup restated a “neutral” rating on shares of Kerry Group in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Kerry Group in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.