Kerry Group plc (OTCMKTS:KRYAF – Get Free Report) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 9,118 shares, a decline of 93.3% from the May 14th total of 135,509 shares. Based on an average trading volume of 46 shares, the days-to-cover ratio is presently 198.2 days.
Kerry Group Price Performance
Shares of Kerry Group stock remained flat at $81.42 on Tuesday. 50 shares of the stock were exchanged, compared to its average volume of 775. Kerry Group has a twelve month low of $75.60 and a twelve month high of $105.32. The stock’s fifty day simple moving average is $80.67 and its two-hundred day simple moving average is $85.45.
About Kerry Group
Kerry Group is a global food ingredients and flavors company that develops, manufactures and supplies taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company operates through two main divisions: Taste & Nutrition, which provides flavors, specialty ingredients and integrated systems to food and drink manufacturers, and Consumer Foods, which offers branded cheese, meats and convenience foods in selected markets. Its product portfolio spans savory and sweet taste systems, dairy and plant-based ingredients, culinary seasonings, bakery and beverage solutions.
Since its founding in 1972 by a group of dairy farmers in County Kerry, Ireland, Kerry Group has grown into one of the world’s leading providers of food ingredients.
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