Kirin Holdings Co. (OTCMKTS:KNBWY) Sees Significant Decline in Short Interest

Kirin Holdings Co. (OTCMKTS:KNBWY) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 18,143 shares, a decrease of 75.5% from the June 15th total of 74,004 shares. Based on an average trading volume of 54,441 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Kirin Stock Down 1.4%

KNBWY stock traded down $0.25 during mid-day trading on Friday, hitting $17.71. 16,087 shares of the company were exchanged, compared to its average volume of 21,825. The firm has a fifty day simple moving average of $16.94 and a 200 day simple moving average of $16.32. The company has a market capitalization of $14.35 billion, a PE ratio of 14.40 and a beta of -0.02. Kirin has a twelve month low of $13.15 and a twelve month high of $18.05. The company has a current ratio of 1.44, a quick ratio of 1.01 and a debt-to-equity ratio of 0.51.

Kirin (OTCMKTS:KNBWY) last issued its earnings results on Thursday, May 14th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). Kirin had a net margin of 6.11% and a return on equity of 9.82%. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.63 billion. On average, research analysts forecast that Kirin will post 1.37 earnings per share for the current fiscal year.

About Kirin

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.