Kerry Group PLC (OTCMKTS:KRYAY) Sees Significant Increase in Short Interest

Kerry Group PLC (OTCMKTS:KRYAY) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,423 shares, an increase of 246.2% from the March 15th total of 411 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 64,796 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group assumed coverage on Kerry Group in a research note on Friday, January 30th. They set a “buy” rating for the company. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Kerry Group Price Performance

Shares of KRYAY stock opened at $78.87 on Monday. The stock has a 50 day simple moving average of $83.07 and a 200-day simple moving average of $87.45. Kerry Group has a 12-month low of $74.48 and a 12-month high of $113.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.68 and a quick ratio of 1.10.

Kerry Group Company Profile

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.