Short Interest in Kirin Holdings Co. (OTCMKTS:KNBWY) Drops By 88.1%

Key Points

• Kirin Holdings Co. experienced an 88.1% decline in short interest from 12,600 shares to 1,500 shares by the end of July, indicating less bearish sentiment among investors.
• The company's latest earnings report showed earnings per share of $0.24, which fell short of the consensus estimate of $0.28, with a reported revenue of $4.01 billion.
• Kirin stock is currently trading at $14.33, with a market cap of $11.61 billion and a P/E ratio of 31.85, reflecting its valuation in the market.

Kirin Holdings Co. (OTCMKTS:KNBWY - Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,500 shares, adeclineof88.1% from the July 15th total of 12,600 shares. Currently,0.0% of the shares of the stock are sold short. Based on an average daily volume of 142,900 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 142,900 shares, the days-to-cover ratio is currently 0.0 days. Currently,0.0% of the shares of the stock are sold short.

Kirin Price Performance

Kirin stock traded up $0.28 on Tuesday, reaching $14.87. The company's stock had a trading volume of 16,543 shares, compared to its average volume of 62,121. The company has a market cap of $12.04 billion, a price-to-earnings ratio of 33.05 and a beta of 0.13. Kirin has a twelve month low of $12.25 and a twelve month high of $16.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.72 and a current ratio of 1.15. The business's fifty day moving average price is $13.89 and its 200 day moving average price is $14.04.

Kirin (OTCMKTS:KNBWY - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $608.48 billion. Kirin had a return on equity of 3.74% and a net margin of 2.30%. Equities analysts expect that Kirin will post 1.12 earnings per share for the current fiscal year.

Kirin Company Profile

Kirin Holdings Company, Limited engages in food and beverages, pharmaceuticals, and health science businesses. The company's products include beer, wine, whiskey, spirits, soft drinks, dairy products, and other products. It also produces and sells pharmaceutical products, biochemical products, and other products.