Short Interest in Kerry Group PLC (OTCMKTS:KRYAY) Rises By 55.7%

Kerry Group PLC (OTCMKTS:KRYAY) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 13,043 shares, an increase of 55.7% from the August 15th total of 8,375 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 10,155 shares, the days-to-cover ratio is presently 1.3 days.

Kerry Group Stock Performance

Shares of OTCMKTS KRYAY traded down $2.20 during trading on Friday, reaching $95.65. 4,351 shares of the stock were exchanged, compared to its average volume of 26,347. Kerry Group has a twelve month low of $74.48 and a twelve month high of $100.38. The business’s 50-day moving average price is $96.39 and its 200 day moving average price is $88.22. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KRYAY shares. Citigroup restated a “neutral” rating on shares of Kerry Group in a research note on Thursday, July 30th. Sanford C. Bernstein started coverage on shares of Kerry Group in a research note on Wednesday, July 22nd. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kerry Group in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group raised shares of Kerry Group to a “strong-buy” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Kerry Group

An institutional investor recently raised its stake in Kerry Group stock. Madison Asset Management LLC boosted its stake in Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,751 shares of the company’s stock after buying an additional 113 shares during the period. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.22% of the company’s stock.

About Kerry Group

Kerry Group plc is an Ireland-based food ingredients and consumer products company serving the global food, beverage and pharmaceutical industries. Its Taste & Nutrition business develops ingredients and solutions designed to improve the flavor, texture, nutrition, shelf life and functionality of products, including savory and sweet flavor systems, beverages, dairy alternatives, nutritional products, food protection solutions and probiotics.

The company supplies ingredients and applications to food and beverage manufacturers, as well as to pharmaceutical and other consumer industries.