Kerry Group PLC (OTCMKTS:KRYAY) Short Interest Update

Kerry Group PLC (OTCMKTS:KRYAYGet Free Report) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 8,375 shares, an increase of 143.3% from the July 30th total of 3,442 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 11,396 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. The Goldman Sachs Group raised shares of Kerry Group to a “strong-buy” rating in a research note on Thursday, August 20th. Citigroup reissued a “neutral” rating on shares of Kerry Group in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Kerry Group in a research report on Thursday, July 30th. Finally, Sanford C. Bernstein started coverage on Kerry Group in a report on Wednesday, July 22nd. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Get Our Latest Report on Kerry Group

Hedge Funds Weigh In On Kerry Group

An institutional investor recently raised its stake in Kerry Group stock. Madison Asset Management LLC raised its position in Kerry Group PLC (OTCMKTS:KRYAYFree Report) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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. 0.22% of the stock is currently owned by institutional investors.

Kerry Group Stock Up 0.8%

KRYAY traded up $0.74 on Friday, reaching $98.80. 3,151 shares of the company traded hands, compared to its average volume of 28,077. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.68. The stock’s 50 day moving average price is $94.82 and its 200-day moving average price is $87.28. Kerry Group has a 52-week low of $74.48 and a 52-week high of $100.38.

About Kerry Group

(Get Free Report)

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.

Further Reading

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