Kerry Group PLC (OTCMKTS:KRYAY) Short Interest Update

Key Points

• Kerry Group PLC experienced a significant decline in short interest, down by 63.0% to 3,400 shares as of July 31st.
• UBS Group downgraded Kerry Group from a "strong-buy" rating to a "hold" rating on May 27th.
• Kerry Group's stock was up 0.4% to $93.16 during mid-day trading, with a 1-year low of $89.66 and a high of $113.38.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 3,400 shares, adropof63.0% from the July 15th total of 9,200 shares. Based on an average daily volume of 79,100 shares, the days-to-cover ratio is presently 0.0 days. Currently,0.0% of the shares of the stock are sold short. Currently,0.0% of the shares of the stock are sold short. Based on an average daily volume of 79,100 shares, the days-to-cover ratio is presently 0.0 days.

Kerry Group Price Performance

OTCMKTS KRYAY traded down $1.14 on Thursday, hitting $93.89. 5,918 shares of the stock were exchanged, compared to its average volume of 17,453. The company has a quick ratio of 1.03, a current ratio of 1.39 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average price of $103.16 and a two-hundred day moving average price of $104.73. Kerry Group has a 52-week low of $89.66 and a 52-week high of $113.38.

Analyst Ratings Changes

Separately, UBS Group lowered shares of Kerry Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy".

Kerry Group Company Profile

Kerry Group plc, together with its subsidiaries, provides taste and nutrition solutions. The company operates in two segments, Taste & Nutrition, and Dairy Ireland. The Taste & Nutrition segment offers taste and nutrition solutions for the food, beverage, and pharmaceutical markets. The Dairy Ireland segment provides value-add dairy ingredients and consumer products, including functional proteins and nutritional bases.