Short Interest in Kerry Group PLC (OTCMKTS:KRYAY) Rises By 2,704.0%

Kerry Group PLC (OTCMKTS:KRYAY) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 39,901 shares, an increase of 2,704.0% from the March 31st total of 1,423 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 47,846 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group assumed coverage on Kerry Group in a research note on Friday, January 30th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Kerry Group Price Performance

Shares of KRYAY stock traded up $0.05 on Friday, reaching $78.79. The company had a trading volume of 7,522 shares, compared to its average volume of 21,174. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.68. The company has a 50-day moving average of $81.04 and a 200-day moving average of $86.86. Kerry Group has a 12 month low of $74.48 and a 12 month high of $113.38.

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.