Kerry Group PLC (OTCMKTS:KRYAY) Short Interest Down 55.0% in March

Key Points

• Short interest plunged 55.0% in March to 411 shares as of March 13, leaving just 0.0% of the stock shorted and a short-interest ratio of 0.0 days.
• Goldman Sachs initiated coverage with a "buy" rating, and overall analyst sentiment is three Buys and one Hold, giving Kerry Group a MarketBeat average rating of "Moderate Buy".
• KRYAY was trading up 3.7% (opened at $77.60) with a 12-month range of $74.48–$113.38; the company shows a current ratio of 1.68 and a debt-to-equity ratio of 0.42.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 411 shares, a decline of 55.0% from the February 26th total of 913 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 52,503 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group initiated coverage on shares of Kerry Group in a research note on Friday, January 30th. They issued a "buy" rating on the stock. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Kerry Group presently has an average rating of "Moderate Buy".

Kerry Group Trading Up 3.7%

KRYAY stock opened at $77.60 on Thursday. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average of $85.05 and a two-hundred day moving average of $88.60. Kerry Group has a 12 month low of $74.48 and a 12 month high of $113.38.

Kerry Group Company Profile

Kerry Group OTCMKTS: KRYAY is a global leader in taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company develops, manufactures and supplies a broad portfolio of ingredients, flavors and integrated solutions designed to enhance taste, improve health and simplify production processes. Kerry's offerings span across dairy-based ingredients, flavors, texturizers, enzymes, probiotics and nutritional premixes, serving both industrial customers and consumer food brands.

Through its Taste & Nutrition division, Kerry provides customized flavor systems, savory and sweet taste platforms, and nutritional ingredients for applications such as snacks, bakery, dairy, beverages and meat alternatives.

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