Kerry Group PLC (OTCMKTS:KRYAY) Short Interest Up 124.7% in June

Kerry Group PLC (OTCMKTS:KRYAY) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 11,376 shares, an increase of 124.7% from the June 15th total of 5,062 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 24,013 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Citigroup restated a “neutral” rating on shares of Kerry Group in a research report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Kerry Group Price Performance

Shares of KRYAY stock opened at $96.65 on Friday. Kerry Group has a fifty-two week low of $74.48 and a fifty-two week high of $106.02. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $88.72 and a two-hundred day simple moving average of $85.58.

About Kerry Group

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.