Short Interest in Kirin Holdings Co. (OTCMKTS:KNBWY) Drops By 36.3%

Kirin Holdings Co. (OTCMKTS:KNBWY) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 34,761 shares, a decline of 36.3% from the December 15th total of 54,538 shares. Based on an average trading volume of 51,042 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 51,042 shares, the days-to-cover ratio is presently 0.7 days.

Kirin Stock Down 0.1%

KNBWY opened at $15.05 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 0.85. Kirin has a one year low of $12.25 and a one year high of $16.15. The firm has a market capitalization of $12.19 billion, a P/E ratio of 21.81 and a beta of -0.08. The company has a fifty day moving average price of $15.27 and a 200-day moving average price of $14.64.

Kirin (OTCMKTS:KNBWY) last posted its earnings results on Tuesday, November 11th. The company reported $0.42 EPS for the quarter, topping 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 business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.16 billion. Equities research analysts expect that Kirin will post 1.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Kirin Company Profile

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.