Dunelm Group plc (OTCMKTS:DNLMY) Sees Significant Decline in Short Interest

Dunelm Group plc (OTCMKTS:DNLMY) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 100 shares, a decrease of 75.0% from the November 15th total of 400 shares. Based on an average trading volume of 200 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DNLMY. Berenberg Bank upgraded Dunelm Group to a “strong-buy” rating in a report on Tuesday, September 17th. Canaccord Genuity Group raised shares of Dunelm Group to a “strong-buy” rating in a research note on Tuesday, September 17th. Finally, UBS Group upgraded shares of Dunelm Group to a “strong-buy” rating in a report on Friday, October 11th.

Dunelm Group Stock Performance

Shares of Dunelm Group stock traded up $0.61 during trading hours on Wednesday, hitting $14.66. The company’s stock had a trading volume of 151 shares, compared to its average volume of 391. Dunelm Group has a twelve month low of $13.48 and a twelve month high of $16.10. The firm has a fifty day moving average of $15.09 and a 200-day moving average of $14.55.

Dunelm Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 1st will be given a $0.3148 dividend. The ex-dividend date is Friday, November 1st. This is a boost from Dunelm Group’s previous dividend of $0.18.

About Dunelm Group

Dunelm Group plc retails homewares in the United Kingdom. The company offers furniture and beds products, which include bedroom, living room, dining room, and other furniture, as well as bed and mattresses, and sofas and armchairs; bedding products comprising bed linen, dorma, baby and kid’s bedding, and duvets, pillows, and protectors; curtains and rugs; and venetian, roller, roman, vertical, and made to measure blinds.