Kirin Holdings Co. (OTCMKTS:KNBWY) Sees Large Growth in Short Interest

Kirin Holdings Co. (OTCMKTS:KNBWY) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 54,934 shares, an increase of 127.6% from the January 15th total of 24,132 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 48,326 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 48,326 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Kirin from a “buy” rating to a “hold” rating in a report on Tuesday.

Kirin Trading Up 7.3%

Shares of OTCMKTS KNBWY traded up $1.21 during mid-day trading on Friday, reaching $17.78. The company had a trading volume of 19,894 shares, compared to its average volume of 25,317. The stock has a market cap of $14.40 billion, a price-to-earnings ratio of 25.77 and a beta of -0.10. Kirin has a 52 week low of $12.80 and a 52 week high of $17.78. The business’s 50-day moving average is $15.40 and its 200-day moving average is $14.94. The company has a current ratio of 1.35, a quick ratio of 0.85 and a debt-to-equity ratio of 0.58.

Kirin (OTCMKTS:KNBWY) last released its quarterly earnings data on Friday, February 13th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. Kirin had a net margin of 3.47% and a return on equity of 5.74%. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Equities analysts expect that Kirin will post 1.12 earnings per share for the current year.

Kirin Company Profile

Kirin Holdings Company, Limited is a Japan-based global beverage and life sciences group best known for its flagship beer brand. The company’s core operations encompass the brewing and distribution of beer and spirits, the production of soft drinks and other non-alcoholic beverages, and a growing pharmaceuticals and biotech segment. Kirin’s beverage portfolio ranges from mainstream lagers and craft-inspired brews to juices, teas, and carbonated soft drinks sold under various regional labels.

Rooted in the founding of Kirin Brewery Company in 1888, the group restructured into a pure holding company in 2007 to foster greater strategic flexibility.