Kikkoman Co. (OTCMKTS:KIKOY) Sees Significant Drop in Short Interest

Kikkoman Co. (OTCMKTS:KIKOY) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 8 shares, a drop of 98.5% from the May 14th total of 537 shares. Based on an average trading volume of 243 shares, the days-to-cover ratio is presently 0.0 days.

Kikkoman Price Performance

Kikkoman stock opened at $18.50 on Wednesday. The business has a 50 day moving average price of $18.47 and a two-hundred day moving average price of $18.54. Kikkoman has a 12 month low of $15.73 and a 12 month high of $20.35.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Kikkoman to a “hold” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Kikkoman

Kikkoman Corporation (OTCMKTS:KIKOY) is a Japan-based food manufacturer best known for its soy sauce and related seasonings. Headquartered in Noda, Chiba Prefecture, the company traces its roots to family-operated soy sauce brewing in the early 1600s and formalized its corporate structure in 1917. Over the decades, Kikkoman has expanded its portfolio to include a wide range of sauces, marinades, dressings, and cooking wines, combining traditional fermentation techniques with modern production methods.

The company’s flagship product remains naturally brewed soy sauce, made from soybeans, wheat, salt and water through a fermentation process that can take several months.