Kirin Holdings Co. (OTCMKTS:KNBWY) Short Interest Down 37.9% in September

Key Points

• Kirin Holdings Co. experienced a 37.9% decline in short interest in September, with total short interest falling to 41,700 shares.
• The company's stock price increased by 0.7%, trading at $14.50, with an average daily trading volume of 68,300 shares.
• Kirin reported $0.24 earnings per share for the last quarter, which missed the consensus estimate of $0.28, while its revenue was significantly lower than expectations with $4.01 billion reported.

Kirin Holdings Co. (OTCMKTS:KNBWY - Get Free Report) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 41,700 shares, a decline of 37.9% from the August 31st total of 67,200 shares. Based on an average daily trading volume, of 68,300 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 68,300 shares, the days-to-cover ratio is currently 0.6 days.

Kirin Stock Up 0.7%

Shares of OTCMKTS:KNBWY traded up $0.10 during midday trading on Friday, hitting $14.50. 40,450 shares of the company's stock traded hands, compared to its average volume of 34,070. The firm's fifty day moving average price is $14.51 and its two-hundred day moving average price is $14.37. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 1.26. Kirin has a twelve month low of $12.25 and a twelve month high of $15.80. The company has a market cap of $11.75 billion, a PE ratio of 32.22 and a beta of 0.13.

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