Kerry Group PLC (OTCMKTS:KRYAY) Sees Significant Decrease in Short Interest

Kerry Group PLC (OTCMKTS:KRYAY) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 7,408 shares, a decline of 34.9% from the June 30th total of 11,376 shares. Based on an average daily volume of 21,856 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KRYAY. Citigroup reissued a “neutral” rating on shares of Kerry Group in a report on Thursday. Sanford C. Bernstein started coverage on Kerry Group in a report on Wednesday, July 22nd. They issued an “outperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kerry Group in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Kerry Group Stock Down 2.0%

Shares of KRYAY traded down $1.91 on Friday, reaching $95.83. The company’s stock had a trading volume of 4,681 shares, compared to its average volume of 31,100. The stock’s 50 day simple moving average is $90.49 and its two-hundred day simple moving average is $86.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.68. Kerry Group has a 12-month low of $74.48 and a 12-month high of $98.58.

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.