Kerry Group plc (OTCMKTS:KRYAF) Sees Large Decrease in Short Interest

Kerry Group plc (OTCMKTS:KRYAF) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 4,542 shares, a decrease of 52.5% from the July 15th total of 9,565 shares. Based on an average daily volume of 44 shares, the days-to-cover ratio is currently 103.2 days.

Kerry Group Price Performance

KRYAF stock remained flat at $94.25 during trading on Friday. 70 shares of the company were exchanged, compared to its average volume of 770. Kerry Group has a 12 month low of $75.59 and a 12 month high of $96.00. The business’s 50 day moving average price is $90.87 and its 200 day moving average price is $85.97.

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.