Kingfisher plc (OTCMKTS:KGFHY) Sees Large Decrease in Short Interest

Kingfisher plc (OTCMKTS:KGFHY) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 11,700 shares, a drop of 87.6% from the October 31st total of 94,100 shares. Based on an average daily volume of 161,600 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KGFHY. Citigroup upgraded shares of Kingfisher to a “hold” rating in a report on Wednesday, August 28th. UBS Group upgraded shares of Kingfisher from a “strong sell” rating to a “hold” rating in a report on Monday, September 23rd. Finally, Barclays upgraded shares of Kingfisher to a “hold” rating in a report on Friday, September 27th.

Kingfisher Stock Performance

OTCMKTS:KGFHY remained flat at $6.30 during trading hours on Friday. 265,016 shares of the company’s stock were exchanged, compared to its average volume of 246,140. The company has a current ratio of 1.26, a quick ratio of 0.30 and a debt-to-equity ratio of 0.01. Kingfisher has a fifty-two week low of $5.26 and a fifty-two week high of $8.80. The company’s 50 day simple moving average is $7.82 and its 200 day simple moving average is $7.24.

Kingfisher Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, November 20th. Stockholders of record on Friday, October 11th were given a dividend of $0.088 per share. The ex-dividend date was Friday, October 11th.

About Kingfisher

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.