Short Interest in Kirin Holdings Co. (OTCMKTS:KNBWY) Declines By 16.8%

Kirin Holdings Co. (OTCMKTS:KNBWY) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 18,027 shares, a decline of 16.8% from the March 15th total of 21,678 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 78,747 shares, the days-to-cover ratio is presently 0.2 days.

Kirin Price Performance

Shares of OTCMKTS KNBWY opened at $16.43 on Friday. Kirin has a 1 year low of $13.15 and a 1 year high of $17.78. The company’s 50-day moving average is $16.45 and its 200 day moving average is $15.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.37 and a quick ratio of 0.93. The stock has a market capitalization of $13.31 billion, a P/E ratio of 13.47 and a beta of -0.06.

Kirin (OTCMKTS:KNBWY) last released its earnings results on Friday, February 13th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Kirin had a return on equity of 10.00% and a net margin of 6.06%. On average, sell-side analysts expect that Kirin will post 1.12 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Kirin from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th.

About Kirin

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.