Kerry Group PLC (OTCMKTS:KRYAY) Short Interest Up 143.3% in August

Kerry Group PLC (OTCMKTS:KRYAY) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 8,375 shares, an increase of 143.3% from the July 30th total of 3,442 shares. Based on an average trading volume of 11,396 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KRYAY shares. Citigroup reaffirmed a “neutral” rating on shares of Kerry Group in a research report on Thursday, July 30th. Sanford C. Bernstein initiated coverage on shares of Kerry Group in a research report on Wednesday, July 22nd. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Kerry Group in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group raised shares of Kerry Group to a “strong-buy” rating in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Kerry Group Trading Up 0.6%

Shares of KRYAY stock traded up $0.60 during mid-day trading on Friday, hitting $98.66. The company’s stock had a trading volume of 4,581 shares, compared to its average volume of 6,328. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.42. Kerry Group has a 52-week low of $74.48 and a 52-week high of $100.38. The business has a 50-day moving average price of $95.10 and a 200 day moving average price of $87.36.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Kerry Group stock. Madison Asset Management LLC boosted its stake in shares of Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,751 shares of the company’s stock after purchasing 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 reporting period. Institutional investors and hedge funds own 0.22% of the company’s stock.

Kerry Group Company Profile

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.