Kerry Group PLC (OTCMKTS:KRYAY) Short Interest Up 4,500.0% in August

Key Points

• Kerry Group PLC's short interest surged by 4,500.0% in August, from 100 shares to a total of 4,600 shares.
• UBS Group has downgraded Kerry Group from a "strong-buy" rating to a "hold" rating.
• The stock price of Kerry Group rose 0.8% to $94.32 on a recent trading day, with a relatively low trading volume of 481 shares.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 4,600 shares, a growth of 4,500.0% from the August 15th total of 100 shares. Based on an average daily volume of 41,400 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 41,400 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, UBS Group cut Kerry Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy".

Kerry Group Stock Up 0.8%

KRYAY traded up $0.78 on Thursday, hitting $94.32. 481 shares of the company's stock traded hands, compared to its average volume of 12,218. The company's 50 day simple moving average is $97.85 and its 200-day simple moving average is $103.68. The company has a quick ratio of 1.03, a current ratio of 1.39 and a debt-to-equity ratio of 0.38. Kerry Group has a one year low of $89.65 and a one year high of $113.38.

About Kerry Group

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.

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