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

Kirin Holdings Co. (OTCMKTS:KNBWY) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 74,004 shares, a growth of 126.5% from the May 31st total of 32,675 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 79,567 shares, the days-to-cover ratio is presently 0.9 days.

Kirin Stock Performance

Kirin stock traded down $0.64 during trading hours on Wednesday, reaching $16.88. 1,081 shares of the stock were exchanged, compared to its average volume of 33,563. The stock has a market cap of $13.68 billion, a P/E ratio of 13.72 and a beta of -0.02. Kirin has a 52-week low of $13.15 and a 52-week high of $17.87. The firm’s 50 day moving average is $16.66 and its 200 day moving average is $16.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.01 and a current ratio of 1.44.

Kirin (OTCMKTS:KNBWY) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). Kirin had a return on equity of 9.82% and a net margin of 6.11%.The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.63 billion. Analysts predict that Kirin will post 1.36 EPS for the current fiscal year.

Kirin Company Profile

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.