Kerry Group PLC (OTCMKTS:KRYAY) Short Interest Down 74.0% in April

Kerry Group PLC (OTCMKTS:KRYAY) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 10,391 shares, a drop of 74.0% from the April 15th total of 39,901 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 26,958 shares, the days-to-cover ratio is currently 0.4 days.

Kerry Group Price Performance

Shares of KRYAY traded up $0.13 during mid-day trading on Thursday, reaching $85.68. The company had a trading volume of 19,797 shares, compared to its average volume of 38,103. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.42. Kerry Group has a fifty-two week low of $74.48 and a fifty-two week high of $113.38. The firm has a fifty day simple moving average of $80.03 and a 200-day simple moving average of $86.24.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group began coverage on Kerry Group in a report on Friday, January 30th. They set a “buy” rating on the stock. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Kerry Group currently has a consensus rating of “Moderate Buy”.

Kerry Group Company Profile

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.