Short Interest in Kirin Holdings Co. (OTCMKTS:KNBWY) Increases By 198.4%

Key Points

• Short interest in Kirin surged by 198.4% in April to 53,799 shares from 18,027 at March-end, leaving a short-interest ratio of about 1.0 days.
• Wall Street Zen downgraded Kirin from a "buy" to a "hold" on Feb. 10.
• Kirin beat quarterly estimates—reporting $0.36 EPS vs. $0.30 expected and $4.44B revenue vs. $4.22B—and trades around $15.75 with a PE of about 12.9 and a market cap near $12.8B.

Kirin Holdings Co. (OTCMKTS:KNBWY - Get Free Report) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 53,799 shares, an increase of 198.4% from the March 31st total of 18,027 shares. Based on an average daily volume of 53,451 shares, the short-interest ratio is presently 1.0 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

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

Kirin Trading Up 0.8%

Shares of KNBWY stock opened at $15.75 on Friday. Kirin has a 12 month low of $13.15 and a 12 month high of $17.78. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.53. The business's 50 day moving average is $16.41 and its two-hundred day moving average is $15.59. The company has a market cap of $12.76 billion, a PE ratio of 12.91 and a beta of -0.06.

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, beating the consensus estimate of $0.30 by $0.06. Kirin had a return on equity of 10.00% and a net margin of 6.06%.The company had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.22 billion. Equities analysts predict that Kirin will post 1.3 EPS for the current year.

About Kirin

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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