Kirin Holdings Co. (OTCMKTS:KNBWY) Sees Large Growth in Short Interest

Key Points

• Kirin Holdings Co. saw a substantial increase in short interest of 221.5% in August, with 67,200 shares sold short by August 31st.
• The company's stock price decreased by 1.9%, closing at $14.67, while it maintains a market cap of $11.88 billion.
• Kirin reported an earnings per share (EPS) of $0.24 for the last quarter, missing analyst expectations of $0.28 by $0.04.

Kirin Holdings Co. (OTCMKTS:KNBWY - Get Free Report) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 67,200 shares, a growth of 221.5% from the August 15th total of 20,900 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 43,100 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily trading volume, of 43,100 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.0% of the company's stock are sold short.

Kirin Stock Performance

KNBWY stock remained flat at $14.69 on Wednesday. 30,350 shares of the company traded hands, compared to its average volume of 26,691. The firm's 50-day simple moving average is $14.20 and its 200 day simple moving average is $14.30. Kirin has a 1 year low of $12.25 and a 1 year high of $16.25. The stock has a market capitalization of $11.90 billion, a PE ratio of 32.65 and a beta of 0.14. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58.

Kirin (OTCMKTS:KNBWY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). The business had revenue of $4.01 billion during the quarter, compared to analysts' expectations of $608.48 billion. Kirin had a net margin of 2.30% and a return on equity of 3.75%. As a group, equities analysts forecast that Kirin will post 1.12 EPS 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.