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

Kerry Group PLC (OTCMKTS:KRYAYGet Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 13,043 shares, a growth of 55.7% from the August 15th total of 8,375 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 10,155 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on KRYAY

Institutional Trading of Kerry Group

An institutional investor recently raised its stake in Kerry Group stock. Madison Asset Management LLC grew its holdings in Kerry Group PLC (OTCMKTS:KRYAYFree Report) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,751 shares of the company’s stock after acquiring an additional 113 shares during the period. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 as of its most recent SEC filing. 0.22% of the stock is owned by institutional investors.

Kerry Group Stock Down 0.1%

Shares of Kerry Group stock traded down $0.07 during trading on Thursday, hitting $97.50. 2,034 shares of the stock traded hands, compared to its average volume of 26,477. The company has a fifty day moving average price of $96.33 and a two-hundred day moving average price of $88.16. Kerry Group has a twelve month low of $74.48 and a twelve month high of $100.38. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.42.

Kerry Group Company Profile

(Get Free Report)

Kerry Group plc is an Ireland-based food ingredients and consumer products company serving the global food, beverage and pharmaceutical industries. Its Taste & Nutrition business develops ingredients and solutions designed to improve the flavor, texture, nutrition, shelf life and functionality of products, including savory and sweet flavor systems, beverages, dairy alternatives, nutritional products, food protection solutions and probiotics.

The company supplies ingredients and applications to food and beverage manufacturers, as well as to pharmaceutical and other consumer industries.

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