Kirin Holdings Co. (OTCMKTS:KNBWY) Sees Large Drop in Short Interest

Kirin Holdings Co. (OTCMKTS:KNBWY) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 24,132 shares, a decrease of 30.6% from the December 31st total of 34,761 shares. Based on an average daily volume of 56,625 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 56,625 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Kirin from a “buy” rating to a “hold” rating in a research note on Monday, December 15th.

Kirin Stock Up 0.6%

Shares of Kirin stock opened at $15.48 on Friday. Kirin has a 52-week low of $12.38 and a 52-week high of $16.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.85 and a current ratio of 1.35. The business’s 50 day simple moving average is $15.34 and its 200 day simple moving average is $14.77. The firm has a market cap of $12.54 billion, a PE ratio of 22.44 and a beta of -0.08.

Kirin (OTCMKTS:KNBWY) last posted its quarterly earnings data on Tuesday, November 11th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. Kirin had a net margin of 3.47% and a return on equity of 5.74%. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.16 billion. On average, analysts predict that Kirin will post 1.12 earnings per share for the current fiscal 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.