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

Kirin Holdings Co. (OTCMKTS:KNBWY) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 24,132 shares, a drop of 30.6% from the December 31st total of 34,761 shares. Based on an average trading volume of 56,625 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 56,625 shares, the short-interest ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Kirin from a “buy” rating to a “hold” rating in a research note on Monday, December 15th.

Kirin Trading Up 0.6%

KNBWY stock opened at $15.48 on Friday. Kirin has a one year low of $12.38 and a one year high of $16.15. The stock has a market cap of $12.54 billion, a price-to-earnings ratio of 22.44 and a beta of -0.08. The company has a fifty day moving average price of $15.34 and a two-hundred day moving average price of $14.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 0.85.

Kirin (OTCMKTS:KNBWY) last posted its earnings results on Tuesday, November 11th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.16 billion. Kirin had a net margin of 3.47% and a return on equity of 5.74%. Equities analysts anticipate that Kirin will post 1.12 EPS for the current year.

About Kirin

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.