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Kerry Group PLC (OTCMKTS:KRYAY) Sees Large Decline in Short Interest

Kerry Group logo with Consumer Staples background

Key Points

  • Kerry Group PLC experienced a significant drop in short interest, falling by 87.0% from 4,600 shares to just 600 shares as of September 15th.
  • Despite a recent trading decline, the stock has a consensus rating of "Buy", with several analysts reaffirming their positive outlook.
  • The company operates in two segments: Taste & Nutrition and Dairy Ireland, providing tailored solutions for several markets including food, beverage, and pharmaceuticals.
  • Interested in Kerry Group? Here are five stocks we like better.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 600 shares, a drop of 87.0% from the August 31st total of 4,600 shares. Based on an average daily trading volume, of 32,800 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 32,800 shares, the days-to-cover ratio is presently 0.0 days.

Kerry Group Stock Performance

Shares of KRYAY traded down $0.25 during mid-day trading on Tuesday, reaching $90.07. The company's stock had a trading volume of 17,460 shares, compared to its average volume of 12,588. The company's 50 day moving average is $93.78 and its 200 day moving average is $102.36. Kerry Group has a 12-month low of $88.36 and a 12-month high of $113.38. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.42.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KRYAY. UBS Group reiterated a "neutral" rating on shares of Kerry Group in a report on Thursday, September 25th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Kerry Group in a research note on Friday, September 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Kerry Group in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy".

Get Our Latest Stock Analysis on KRYAY

Kerry Group Company Profile

(Get Free Report)

Kerry Group plc, together with its subsidiaries, provides taste and nutrition solutions. The company operates in two segments, Taste & Nutrition, and Dairy Ireland. The Taste & Nutrition segment offers taste and nutrition solutions for the food, beverage, and pharmaceutical markets. The Dairy Ireland segment provides value-add dairy ingredients and consumer products, including functional proteins and nutritional bases.

Further Reading

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