Kingsway Financial Services Inc. (NYSE:KFS) Short Interest Up 6.8% in December

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 425,000 shares, a growth of 6.8% from the December 15th total of 398,000 shares. Based on an average daily volume of 43,900 shares, the days-to-cover ratio is currently 9.7 days. Approximately 2.1% of the company’s shares are short sold.

Kingsway Financial Services Trading Down 1.0 %

NYSE:KFS traded down $0.09 during mid-day trading on Monday, hitting $8.13. The company had a trading volume of 19,695 shares, compared to its average volume of 53,247. The business’s fifty day moving average is $8.52 and its two-hundred day moving average is $8.41. Kingsway Financial Services has a fifty-two week low of $7.60 and a fifty-two week high of $9.58. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.20.

Insider Activity

In other news, Director Joseph Stilwell sold 365,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $8.43, for a total value of $3,076,950.00. Following the transaction, the director now owns 593,743 shares of the company’s stock, valued at $5,005,253.49. This represents a 38.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders have acquired 1,143 shares of company stock valued at $10,011. 54.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kingsway Financial Services

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in Kingsway Financial Services by 368.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider’s stock worth $236,000 after acquiring an additional 22,438 shares during the period. Barclays PLC increased its position in shares of Kingsway Financial Services by 325.5% in the third quarter. Barclays PLC now owns 18,269 shares of the insurance provider’s stock worth $150,000 after purchasing an additional 13,975 shares during the period. Geode Capital Management LLC raised its stake in Kingsway Financial Services by 2.0% in the third quarter. Geode Capital Management LLC now owns 347,235 shares of the insurance provider’s stock valued at $2,875,000 after purchasing an additional 6,941 shares in the last quarter. State Street Corp lifted its position in Kingsway Financial Services by 4.8% during the third quarter. State Street Corp now owns 151,477 shares of the insurance provider’s stock worth $1,254,000 after purchasing an additional 6,877 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Kingsway Financial Services by 21.9% during the second quarter. Bank of New York Mellon Corp now owns 37,793 shares of the insurance provider’s stock worth $311,000 after buying an additional 6,778 shares in the last quarter. 72.38% of the stock is currently owned by institutional investors.

About Kingsway Financial Services

Kingsway Financial Services Inc, through its subsidiaries, engages in the extended warranty and business services in the United States. The company operates through two segments, Extended Warranty and Kingsway Search Xcelerator. The Extended Warranty segment markets, sells, and administers vehicle service agreements and related products for new and used automobiles, motorcycles, and ATVs.