Kerry Group PLC (OTCMKTS:KRYAY) Short Interest Up 246.2% in March

Key Points

• Short interest up 246.2% — short interest rose to 1,423 shares as of March 31 from 411 on March 15, though the days-to-cover ratio and percentage of shares sold short remain effectively 0.0%.
• Analyst sentiment turns positive — Goldman Sachs initiated coverage with a "Buy" and the consensus rating is a "Moderate Buy" (three Buys, one Hold).
• Shares trading below key averages — KRYAY opened at $78.87 (down 0.7%), below its 50-day ($83.07) and 200-day ($87.48) moving averages, within a 1-year range of $74.48–$113.38.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,423 shares, an increase of 246.2% from the March 15th total of 411 shares. Based on an average trading volume of 64,796 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company's stock are sold short.

Kerry Group Stock Down 0.7%

Shares of KRYAY opened at $78.87 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.68 and a quick ratio of 1.10. Kerry Group has a 1-year low of $74.48 and a 1-year high of $113.38. The firm has a fifty day moving average price of $83.07 and a 200 day moving average price of $87.48.

Analyst Ratings Changes

Separately, The Goldman Sachs Group assumed coverage on Kerry Group in a research note on Friday, January 30th. They set a "buy" rating for the company. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Kerry Group has a consensus rating of "Moderate Buy".

About Kerry Group

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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