Kingfisher plc (OTCMKTS:KGFHY) Sees Significant Drop in Short Interest

Kingfisher plc (OTCMKTS:KGFHY) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 9,000 shares, a decline of 23.1% from the November 15th total of 11,700 shares. Based on an average trading volume of 810,800 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

Kingfisher Stock Performance

OTCMKTS KGFHY traded down $0.02 on Monday, hitting $6.49. The stock had a trading volume of 162,089 shares, compared to its average volume of 284,020. The firm has a 50-day moving average of $7.38 and a 200-day moving average of $7.23. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.30 and a current ratio of 1.26. Kingfisher has a 52-week low of $5.26 and a 52-week high of $8.80.

Kingfisher Cuts Dividend

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