Kikkoman Co. (OTCMKTS:KIKOY) Short Interest Up 4,262.5% in June

Kikkoman Co. (OTCMKTS:KIKOY) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 349 shares, an increase of 4,262.5% from the May 31st total of 8 shares. Based on an average daily volume of 579 shares, the short-interest ratio is currently 0.6 days.

Kikkoman Price Performance

Shares of Kikkoman stock remained flat at $20.27 on Friday. 30 shares of the stock traded hands, compared to its average volume of 461. Kikkoman has a 1-year low of $15.73 and a 1-year high of $21.55. The firm has a 50-day moving average of $18.99 and a 200-day moving average of $18.66.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Kikkoman from a “hold” rating to a “strong sell” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Kikkoman Company Profile

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.