Kerry Group plc (OTCMKTS:KRYAF) Sees Significant Increase in Short Interest

Kerry Group plc (OTCMKTS:KRYAF) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 19,789 shares, a growth of 117.0% from the May 31st total of 9,118 shares. Based on an average trading volume of 1,266 shares, the short-interest ratio is currently 15.6 days.

Kerry Group Price Performance

KRYAF remained flat at $93.33 during trading hours on Wednesday. 100 shares of the company traded hands, compared to its average volume of 686. Kerry Group has a 1 year low of $75.59 and a 1 year high of $105.32. The stock’s 50-day moving average price is $82.82 and its 200 day moving average price is $84.78.

Kerry Group Company Profile

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.