Kerry Group PLC (OTCMKTS:KRYAY) Sees Large Decrease in Short Interest

Kerry Group PLC (OTCMKTS:KRYAY – Get Free Report) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 2,324 shares, a drop of 91.6% from the October 15th total of 27,757 shares. Based on an average trading volume of 108,248 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Kerry Group Stock Performance

Shares of KRYAY stock traded up $0.60 on Wednesday, hitting $109.39. The company had a trading volume of 6,941 shares, compared to its average volume of 28,258. Kerry Group has a twelve month low of $74.48 and a twelve month high of $113.59. The company has a current ratio of 1.77, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44. The stock’s 50-day moving average is $102.08 and its two-hundred day moving average is $91.13.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Kerry Group in a report on Thursday, July 30th. Citigroup upgraded Kerry Group from a “neutral” rating to a “buy” rating in a report on Friday, September 25th. Sanford C. Bernstein began coverage on Kerry Group in a research note on Wednesday, July 22nd. They issued an “outperform” rating for the company. Finally, The Goldman Sachs Group raised Kerry Group to a “strong-buy” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

View Our Latest Report on KRYAY

Institutional Trading of Kerry Group

An institutional investor recently raised its position in Kerry Group stock. Madison Asset Management LLC raised its position in shares of Kerry Group PLC (OTCMKTS:KRYAY – Free Report) by 0.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 31,751 shares of the company’s stock after purchasing an additional 113 shares during the quarter. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.22% of the company’s stock.

About Kerry Group

(Get Free Report)

Kerry Group is an Ireland-based company that develops taste and nutrition solutions for the food, beverage and pharmaceutical industries. Its offerings include flavors, food ingredients and technologies designed to support product taste, texture, nutrition and shelf life. The company traces its roots to a dairy cooperative established in County Kerry, Ireland, in 1972. It has since expanded into a global supplier, serving customers across food and beverage markets around the world. Kerry works with manufacturers to develop ingredients and solutions for a range of applications, including dairy, meat, snacks, beverages and other prepared foods.

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