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

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

Kingfisher Price Performance

KGFHY stock remained flat at $6.30 during mid-day trading on Friday. 265,016 shares of the company’s stock traded hands, compared to its average volume of 246,140. Kingfisher has a 1-year low of $5.26 and a 1-year high of $8.80. The company has a quick ratio of 0.30, a current ratio of 1.26 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $7.82 and its 200-day moving average price is $7.24.

Kingfisher Cuts Dividend

The firm also recently announced 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.

Wall Street Analysts Forecast Growth

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

Kingfisher Company Profile

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.