Kikkoman Co. (OTCMKTS:KIKOY) Short Interest Down 98.5% in May

Kikkoman Co. (OTCMKTS:KIKOY) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 8 shares, a drop of 98.5% from the May 14th total of 537 shares. Based on an average daily trading volume, of 243 shares, the short-interest ratio is currently 0.0 days.

Kikkoman Price Performance

Shares of KIKOY remained flat at $18.50 during mid-day trading on Tuesday. 941 shares of the stock traded hands, compared to its average volume of 445. The company has a fifty day moving average of $18.47 and a 200-day moving average of $18.54. Kikkoman has a 12 month low of $15.73 and a 12 month high of $20.35.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Kikkoman to a “hold” rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Kikkoman presently has an average rating of “Hold”.

Kikkoman Company Profile

Kikkoman Corporation (OTCMKTS:KIKOY) is a Japan-based food manufacturer best known for its soy sauce and related seasonings. Headquartered in Noda, Chiba Prefecture, the company traces its roots to family-operated soy sauce brewing in the early 1600s and formalized its corporate structure in 1917. Over the decades, Kikkoman has expanded its portfolio to include a wide range of sauces, marinades, dressings, and cooking wines, combining traditional fermentation techniques with modern production methods.

The company’s flagship product remains naturally brewed soy sauce, made from soybeans, wheat, salt and water through a fermentation process that can take several months.