Kerry Group PLC (OTCMKTS:KRYAY) Stock Short Interest Falls 49.3%

Kerry Group PLC (OTCMKTS:KRYAY) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 6,615 shares, a decrease of 49.3% from the August 31st total of 13,043 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 11,924 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Kerry Group stock. Madison Asset Management LLC lifted its stake in shares of Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,751 shares of the company’s stock after buying an additional 113 shares during the period. 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 currently owned by institutional investors and hedge funds.

Kerry Group Stock Performance

KRYAY opened at $97.76 on Tuesday. 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 firm’s 50-day moving average price is $96.69 and its 200-day moving average price is $88.97. Kerry Group has a 52-week low of $74.48 and a 52-week high of $100.38.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on KRYAY shares. Citigroup raised shares of Kerry Group from a “neutral” rating to a “buy” rating in a research report on Friday. The Goldman Sachs Group upgraded shares of Kerry Group to a “strong-buy” rating in a research note on Thursday, August 20th. Sanford C. Bernstein began coverage on Kerry Group in a research report on Wednesday, July 22nd. They set an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kerry Group in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Kerry Group Company Profile

Kerry Group plc is an Ireland-based food ingredients and consumer products company serving the global food, beverage and pharmaceutical industries. Its Taste & Nutrition business develops ingredients and solutions designed to improve the flavor, texture, nutrition, shelf life and functionality of products, including savory and sweet flavor systems, beverages, dairy alternatives, nutritional products, food protection solutions and probiotics.

The company supplies ingredients and applications to food and beverage manufacturers, as well as to pharmaceutical and other consumer industries.