Kerry Group plc (OTCMKTS:KRYAF – Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 9,118 shares, a drop of 93.3% from the May 14th total of 135,509 shares. Based on an average daily trading volume, of 46 shares, the days-to-cover ratio is currently 198.2 days.
Kerry Group Stock Performance
Shares of OTCMKTS KRYAF remained flat at $81.42 during midday trading on Wednesday. The company has a 50 day moving average price of $80.67 and a 200 day moving average price of $85.45. Kerry Group has a 12-month low of $75.60 and a 12-month high of $105.32.
About Kerry Group
Kerry Group is a global food ingredients and flavors company that develops, manufactures and supplies taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company operates through two main divisions: Taste & Nutrition, which provides flavors, specialty ingredients and integrated systems to food and drink manufacturers, and Consumer Foods, which offers branded cheese, meats and convenience foods in selected markets. Its product portfolio spans savory and sweet taste systems, dairy and plant-based ingredients, culinary seasonings, bakery and beverage solutions.
Since its founding in 1972 by a group of dairy farmers in County Kerry, Ireland, Kerry Group has grown into one of the world’s leading providers of food ingredients.
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