Kirin Holdings Co. (OTCMKTS:KNBWY) Short Interest Down 43.3% in March

Key Points

• Short interest fell 43.3% — shorted shares dropped to 21,678 as of March 13 from 38,221 on Feb 26, producing a short-interest ratio of 0.3 days and effectively 0.0% of shares sold short.
• Analyst downgrade — Wall Street Zen lowered Kirin from a "buy" to a "hold" in a February 10 research note.
• Quarterly results topped estimates — Kirin reported $0.36 EPS versus $0.30 expected and revenue of $4.44 billion versus $4.22 billion, while the stock traded near $15.49 with a market cap of $12.55 billion and a P/E of 12.7.

Kirin Holdings Co. (OTCMKTS:KNBWY - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 21,678 shares, a drop of 43.3% from the February 26th total of 38,221 shares. Based on an average daily volume of 78,724 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Kirin from a "buy" rating to a "hold" rating in a research note on Tuesday, February 10th.

Kirin Stock Performance

OTCMKTS:KNBWY traded up $0.09 during mid-day trading on Friday, hitting $15.49. 43,376 shares of the stock were exchanged, compared to its average volume of 31,134. The firm's 50-day simple moving average is $16.18 and its 200 day simple moving average is $15.38. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 12.70 and a beta of -0.11. Kirin has a fifty-two week low of $13.15 and a fifty-two week high of $17.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.93 and a current ratio of 1.37.

Kirin (OTCMKTS:KNBWY - Get Free Report) last posted its quarterly earnings data on Friday, February 13th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06. The firm had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.22 billion. Kirin had a return on equity of 10.00% and a net margin of 6.06%. As a group, equities analysts anticipate that Kirin will post 1.12 EPS for the current fiscal year.

Kirin Company Profile

Kirin Holdings Company, Limited is a Japan-based global beverage and life sciences group best known for its flagship beer brand. The company’s core operations encompass the brewing and distribution of beer and spirits, the production of soft drinks and other non-alcoholic beverages, and a growing pharmaceuticals and biotech segment. Kirin’s beverage portfolio ranges from mainstream lagers and craft-inspired brews to juices, teas, and carbonated soft drinks sold under various regional labels.

Rooted in the founding of Kirin Brewery Company in 1888, the group restructured into a pure holding company in 2007 to foster greater strategic flexibility.

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