Kirkland’s, Inc. (NASDAQ:KIRK) Short Interest Up 10.6% in December

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 1,090,000 shares, a growth of 10.6% from the December 15th total of 985,300 shares. Based on an average daily volume of 178,700 shares, the short-interest ratio is currently 6.1 days. Approximately 9.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Kirkland’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wolverine Trading LLC bought a new position in Kirkland’s in the 3rd quarter worth about $26,000. Dupree Financial Group LLC grew its holdings in shares of Kirkland’s by 28.3% during the third quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock worth $69,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Kirkland’s by 7.7% in the third quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock valued at $290,000 after purchasing an additional 9,431 shares in the last quarter. 15.38% of the stock is currently owned by hedge funds and other institutional investors.

Kirkland’s Price Performance

Shares of NASDAQ:KIRK opened at $1.57 on Friday. The firm has a fifty day moving average price of $1.70 and a two-hundred day moving average price of $1.73. Kirkland’s has a one year low of $1.39 and a one year high of $3.30.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a “buy” rating and set a $7.00 target price on shares of Kirkland’s in a report on Wednesday, October 23rd.

Kirkland’s Company Profile

Kirkland’s, Inc operates as a specialty retailer of home décor and furnishings in the United States. Its stores provide various merchandise, including holiday décor, furniture, textiles, ornamental wall décor, decorative accessories, art, mirrors, home fragrance, lighting, floral, housewares, outdoor, and gifts.