Kirin Holdings Co. (OTCMKTS:KNBWY) Sees Significant Growth in Short Interest

Kirin Holdings Co. (OTCMKTS:KNBWY) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 70,494 shares, an increase of 176.9% from the July 15th total of 25,457 shares. Based on an average daily volume of 36,819 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.0% of the shares of the company are short sold.

Kirin Trading Up 2.7%

OTCMKTS KNBWY opened at $19.59 on Friday. The stock has a market capitalization of $15.87 billion, a price-to-earnings ratio of 12.48 and a beta of -0.02. Kirin has a one year low of $14.01 and a one year high of $19.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.44 and a quick ratio of 1.01. The business’s fifty day moving average is $17.84 and its 200-day moving average is $16.86.

Kirin (OTCMKTS:KNBWY) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.16. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.87 billion. Kirin had a net margin of 7.79% and a return on equity of 12.29%. Equities research analysts predict that Kirin will post 1.34 EPS for the current year.

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.