Kerry Group PLC (OTCMKTS:KRYAY) Sees Significant Drop in Short Interest

Key Points

• Short interest in Kerry Group PLC has seen a significant drop of 97.1%, decreasing from 3,400 shares to just 100 shares as of August 15th.
• Kerry Group's stock price fell by 1.3%, trading at $90.44 with an average daily trading volume of 13,718 shares.
• UBS Group downgraded Kerry Group from a "strong-buy" to a "hold" rating, while the consensus rating remains a "buy" with varying opinions from analysts.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totaling 100 shares, adecreaseof97.1% from the July 31st total of 3,400 shares. Based on an average daily volume of 40,300 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 40,300 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

Kerry Group Trading Up 1.5%

Shares of KRYAY stock traded up $1.40 during trading hours on Friday, reaching $91.96. The company had a trading volume of 31,000 shares, compared to its average volume of 17,526. The business has a fifty day simple moving average of $98.91 and a 200-day simple moving average of $103.88. Kerry Group has a 12 month low of $89.65 and a 12 month high of $113.38. The company has a quick ratio of 1.03, a current ratio of 1.39 and a debt-to-equity ratio of 0.38.

About Kerry Group

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.