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

Key Points

• Kirin Holdings Co. experienced a substantial increase in short interest, rising by 1,293.3% in August, from 1,500 shares to a total of 20,900 shares.
• Despite missing earnings expectations with $0.24 EPS, Kirin reported a quarterly revenue of $4.01 billion, significantly lower than analyst forecasts of $608.48 billion.
• The company's stock saw a 6.1% increase in midday trading, reaching a value of $15.35.

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 15th, there was short interest totaling 20,900 shares, agrowthof1,293.3% from the July 31st total of 1,500 shares. Based on an average trading volume of 105,600 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 105,600 shares, the short-interest ratio is presently 0.2 days.

Kirin Price Performance

KNBWY stock traded up $0.29 during midday trading on Friday, reaching $15.37. 85,118 shares of the stock were exchanged, compared to its average volume of 26,311. The stock has a market capitalization of $12.45 billion, a PE ratio of 34.16 and a beta of 0.13. Kirin has a 52 week low of $12.25 and a 52 week high of $16.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.26 and a quick ratio of 0.82. The company has a fifty day moving average price of $14.07 and a 200 day moving average price of $14.23.

Kirin (OTCMKTS:KNBWY - Get Free Report) last issued its quarterly earnings data 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 3.75% and a net margin of 2.30%. As a group, analysts expect 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.