Short Interest in Kerry Group PLC (OTCMKTS:KRYAY) Decreases By 34.9%

Kerry Group PLC (OTCMKTS:KRYAY) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 7,408 shares, a decline of 34.9% from the June 30th total of 11,376 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 21,856 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup restated a “neutral” rating on shares of Kerry Group in a research report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kerry Group in a research report on Thursday. Finally, Sanford C. Bernstein started coverage on shares of Kerry Group in a research note on Wednesday, July 22nd. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Kerry Group Stock Performance

Shares of OTCMKTS KRYAY opened at $95.80 on Friday. Kerry Group has a 1 year low of $74.48 and a 1 year high of $98.58. The firm has a 50-day simple moving average of $90.66 and a two-hundred day simple moving average of $86.07. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.68 and a quick ratio of 1.10.

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.