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

Kirin Holdings Co. (OTCMKTS:KNBWY) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 54,538 shares, a decrease of 33.6% from the November 30th total of 82,135 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 42,618 shares, the short-interest ratio is presently 1.3 days. Based on an average daily trading volume, of 42,618 shares, the short-interest ratio is presently 1.3 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Kirin from a “buy” rating to a “hold” rating in a report on Monday, December 15th.

Kirin Price Performance

KNBWY traded up $0.00 during midday trading on Monday, reaching $15.30. 1,543 shares of the company’s stock were exchanged, compared to its average volume of 55,645. The company has a quick ratio of 0.85, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. The business has a 50-day simple moving average of $15.09 and a two-hundred day simple moving average of $14.55. The firm has a market capitalization of $12.39 billion, a price-to-earnings ratio of 22.18 and a beta of -0.06. Kirin has a one year low of $12.25 and a one year high of $16.15.

Kirin (OTCMKTS:KNBWY) last issued its earnings results on Tuesday, November 11th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.34 by $0.08. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.16 billion. Kirin had a net margin of 3.47% and a return on equity of 5.74%. As a group, research analysts predict that Kirin will post 1.12 EPS for the current 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.