Short Interest in Kerry Group plc (OTCMKTS:KRYAY) Declines By 21.5%

Kerry Group plc (OTCMKTS:KRYAY) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 16,400 shares, a decrease of 21.5% from the August 15th total of 20,900 shares. Based on an average trading volume of 7,300 shares, the short-interest ratio is presently 2.2 days.

Kerry Group Stock Performance

Shares of OTCMKTS KRYAY traded down $1.82 during midday trading on Tuesday, reaching $101.70. 3,487 shares of the company traded hands, compared to its average volume of 10,914. Kerry Group has a 12 month low of $75.13 and a 12 month high of $105.21. The company has a quick ratio of 1.11, a current ratio of 1.66 and a debt-to-equity ratio of 0.37. The stock’s 50-day simple moving average is $94.75 and its 200-day simple moving average is $88.64.

Kerry Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, November 18th. Investors of record on Friday, October 11th will be issued a dividend of $0.4125 per share. The ex-dividend date of this dividend is Friday, October 11th.

Kerry Group Company Profile

Kerry Group plc, together with its subsidiaries, provides taste and nutrition solutions. The company operates in two segments, Taste & Nutrition, and Dairy Ireland. The Taste & Nutrition segment offers taste and nutrition solutions for the food, beverage, and pharmaceutical markets. The Dairy Ireland segment provides value-add dairy ingredients and consumer products, including functional proteins and nutritional bases.