Kikkoman Co. (OTCMKTS:KIKOY) Short Interest Up 1,148.8% in May

Kikkoman Co. (OTCMKTS:KIKOY) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 537 shares, an increase of 1,148.8% from the April 30th total of 43 shares. Based on an average trading volume of 234 shares, the days-to-cover ratio is presently 2.3 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Kikkoman to a “hold” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Kikkoman Price Performance

OTCMKTS KIKOY remained flat at $15.95 on Friday. The company’s stock had a trading volume of 60 shares, compared to its average volume of 400. Kikkoman has a 52-week low of $15.73 and a 52-week high of $20.83. The firm’s 50-day moving average is $18.43 and its 200-day moving average is $18.52.

About Kikkoman

Kikkoman Corporation (OTCMKTS:KIKOY) is a Japan-based food manufacturer best known for its soy sauce and related seasonings. Headquartered in Noda, Chiba Prefecture, the company traces its roots to family-operated soy sauce brewing in the early 1600s and formalized its corporate structure in 1917. Over the decades, Kikkoman has expanded its portfolio to include a wide range of sauces, marinades, dressings, and cooking wines, combining traditional fermentation techniques with modern production methods.

The company’s flagship product remains naturally brewed soy sauce, made from soybeans, wheat, salt and water through a fermentation process that can take several months.