Short Interest in Kirin Holdings Co. (OTCMKTS:KNBWY) Decreases By 33.6%

Kirin Holdings Co. (OTCMKTS:KNBWY) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 54,538 shares, a drop of 33.6% from the November 30th total of 82,135 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 42,618 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 42,618 shares, the short-interest ratio is presently 1.3 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Kirin from a “buy” rating to a “hold” rating in a report on Monday, December 15th.

Kirin Stock Down 2.0%

Shares of KNBWY stock opened at $15.05 on Wednesday. Kirin has a 52-week low of $12.25 and a 52-week high of $16.15. The stock has a market cap of $12.19 billion, a price-to-earnings ratio of 21.81 and a beta of -0.06. The firm’s 50-day moving average is $15.11 and its 200-day moving average is $14.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.85 and a current ratio of 1.35.

Kirin (OTCMKTS:KNBWY) last released its quarterly earnings data on Tuesday, November 11th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.08. Kirin had a return on equity of 5.74% and a net margin of 3.47%.The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.16 billion. Sell-side analysts predict that Kirin will post 1.12 EPS for the current year.

About Kirin

Kirin Holdings Company, Limited is a Japan-based global beverage and life sciences group best known for its flagship beer brand. The company’s core operations encompass the brewing and distribution of beer and spirits, the production of soft drinks and other non-alcoholic beverages, and a growing pharmaceuticals and biotech segment. Kirin’s beverage portfolio ranges from mainstream lagers and craft-inspired brews to juices, teas, and carbonated soft drinks sold under various regional labels.

Rooted in the founding of Kirin Brewery Company in 1888, the group restructured into a pure holding company in 2007 to foster greater strategic flexibility.