Short Interest in Kerry Group PLC (OTCMKTS:KRYAY) Rises By 2,704.0%

Key Points

• Short interest surged 2,704% in April to 39,901 shares from 1,423 on March 31, producing a short-interest ratio of 0.8 days while reported shorted shares remain effectively 0.0% of the company.
• Kerry Group shares traded at $78.79 (up $0.05) with volume of 7,522 versus an average of 21,174; the 52-week range is $74.48–$113.38 and the 50/200-day moving averages are $81.04/$86.86.
• Goldman Sachs initiated coverage with a Buy, and overall analyst sentiment is a "Moderate Buy" (three Buy ratings and one Hold).

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 39,901 shares, an increase of 2,704.0% from the March 31st total of 1,423 shares. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 47,846 shares, the short-interest ratio is presently 0.8 days.

Kerry Group Trading Up 0.1%

Kerry Group stock traded up $0.05 during trading hours on Friday, reaching $78.79. 7,522 shares of the company's stock traded hands, compared to its average volume of 21,174. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.68. Kerry Group has a fifty-two week low of $74.48 and a fifty-two week high of $113.38. The firm's 50 day moving average is $81.04 and its 200-day moving average is $86.86.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group started coverage on shares of Kerry Group in a research report on Friday, January 30th. They set a "buy" rating on the stock. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Kerry Group Company Profile

Kerry Group OTCMKTS: KRYAY is a global leader in taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company develops, manufactures and supplies a broad portfolio of ingredients, flavors and integrated solutions designed to enhance taste, improve health and simplify production processes. Kerry's offerings span across dairy-based ingredients, flavors, texturizers, enzymes, probiotics and nutritional premixes, serving both industrial customers and consumer food brands.

Through its Taste & Nutrition division, Kerry provides customized flavor systems, savory and sweet taste platforms, and nutritional ingredients for applications such as snacks, bakery, dairy, beverages and meat alternatives.

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