Kikkoman Co. (OTCMKTS:KIKOY) Sees Significant Increase in Short Interest

Kikkoman Co. (OTCMKTS:KIKOY) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 608 shares, a growth of 74.2% from the June 15th total of 349 shares. Based on an average daily volume of 89 shares, the short-interest ratio is currently 6.8 days.

Kikkoman Price Performance

OTCMKTS KIKOY opened at $19.65 on Friday. The firm has a 50 day simple moving average of $19.35 and a 200-day simple moving average of $18.89. Kikkoman has a one year low of $15.73 and a one year high of $21.55.

Analyst Upgrades and Downgrades

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

About Kikkoman

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.