Kirin Holdings Company, Limited (OTCMKTS:KNBWY) Sees Large Growth in Short Interest

Kirin Holdings Company, Limited (OTCMKTS:KNBWY) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 18,400 shares, an increase of 493.5% from the September 15th total of 3,100 shares. Based on an average daily volume of 63,300 shares, the short-interest ratio is presently 0.3 days.

Separately, Zacks Investment Research cut shares of Kirin from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 9th.

OTCMKTS:KNBWY traded up $0.03 on Thursday, reaching $18.36. 22,625 shares of the stock traded hands, compared to its average volume of 34,898. The company has a market capitalization of $15.31 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 0.92 and a beta of 0.46. The company has a current ratio of 1.35, a quick ratio of 0.95 and a debt-to-equity ratio of 0.39. Kirin has a 12 month low of $17.33 and a 12 month high of $24.15. The company’s fifty day simple moving average is $18.44 and its 200 day simple moving average is $19.11.

Kirin (OTCMKTS:KNBWY) last announced its quarterly earnings results on Tuesday, August 10th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.23). Kirin had a return on equity of 5.66% and a net margin of 3.39%. The company had revenue of $4.15 billion during the quarter. Equities analysts anticipate that Kirin will post 0.95 EPS for the current fiscal year.

Kirin Company Profile

Kirin Holdings Co, Ltd. engages in the manufacture and sale of beverages and pharmaceutical products. It operates through the following segments: Japan Beer and Spirits, Japan Non-Alcoholic Beverages, Oceania Integrated Beverages, Pharmaceuticals, and Other. The Japan Beer and Spirits segment manufactures and sells beer, sparkling wine, Western liquor, and other alcoholic beverages through its subsidiary.

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