Kerry Logistics Network Limited (OTCMKTS:KRRYF) Sees Significant Drop in Short Interest

Kerry Logistics Network Limited (OTCMKTS:KRRYF) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 6,388 shares, a decline of 52.5% from the December 15th total of 13,445 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Kerry Logistics Network Price Performance

OTCMKTS KRRYF remained flat at $1.08 during trading on Wednesday. Kerry Logistics Network has a 12-month low of $0.91 and a 12-month high of $1.08. The company’s fifty day moving average is $1.08 and its 200 day moving average is $1.06.

About Kerry Logistics Network

Kerry Logistics Network Limited, traded on OTC Markets under the symbol KRRYF and listed on the Hong Kong Stock Exchange, is a global logistics and supply chain management company headquartered in Hong Kong. The firm offers a comprehensive range of services including international freight forwarding by air, sea and road; express courier services; contract logistics; warehousing and distribution; and e-commerce solutions. It also provides specialized services such as temperature-controlled logistics for pharmaceuticals and perishable goods, project logistics, and customs brokerage.

Founded in 2004 as part of the Kerry Group conglomerate, Kerry Logistics has grown rapidly through organic expansion and strategic acquisitions.