Kirin Holdings Co. (OTCMKTS:KNBWY) Sees Large Increase 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) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 67,200 shares, an increase 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 volume of 43,100 shares, the short-interest ratio is currently 1.6 days. Based on an average daily volume of 43,100 shares, the short-interest ratio is currently 1.6 days. Approximately 0.0% of the company's stock are sold short.

Kirin Stock Down 1.9%

Shares of KNBWY stock traded down $0.28 on Friday, hitting $14.67. The stock had a trading volume of 22,623 shares, compared to its average volume of 65,205. The business has a 50 day moving average of $14.15 and a 200 day moving average of $14.27. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 32.60 and a beta of 0.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.26 and a quick ratio of 0.82. Kirin has a 12-month low of $12.25 and a 12-month high of $16.25.

Kirin (OTCMKTS:KNBWY - Get Free Report) last announced its 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 firm 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, analysts expect that Kirin will post 1.12 EPS for the current year.

About Kirin

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.

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