Short Interest in Kerry Group PLC (OTCMKTS:KRYAY) Increases By 265.3%

Kerry Group PLC (OTCMKTS:KRYAY) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 37,956 shares, a growth of 265.3% from the April 30th total of 10,391 shares. Based on an average daily trading volume, of 298,530 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group started coverage on shares of Kerry Group in a research report on Friday, January 30th. They set a “buy” rating for the company. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Kerry Group Trading Down 0.3%

OTCMKTS:KRYAY traded down $0.24 on Friday, hitting $85.72. The stock had a trading volume of 7,190 shares, compared to its average volume of 36,809. Kerry Group has a 1 year low of $74.48 and a 1 year high of $113.38. The firm’s fifty day simple moving average is $81.31 and its two-hundred day simple moving average is $85.72. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42.

About Kerry Group

Kerry Group (OTCMKTS:KRYAY) is a global leader in taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company develops, manufactures and supplies a broad portfolio of ingredients, flavors and integrated solutions designed to enhance taste, improve health and simplify production processes. Kerry’s offerings span across dairy-based ingredients, flavors, texturizers, enzymes, probiotics and nutritional premixes, serving both industrial customers and consumer food brands.

Through its Taste & Nutrition division, Kerry provides customized flavor systems, savory and sweet taste platforms, and nutritional ingredients for applications such as snacks, bakery, dairy, beverages and meat alternatives.