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

Kingfisher plc (OTCMKTS:KGFHY) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 11,700 shares, a decline 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.

Analyst Ratings Changes

KGFHY has been the subject of several research analyst reports. Citigroup upgraded shares of Kingfisher to a “hold” rating in a research report on Wednesday, August 28th. Barclays raised shares of Kingfisher to a “hold” rating in a research note on Friday, September 27th. Finally, UBS Group raised Kingfisher from a “strong sell” rating to a “hold” rating in a research report on Monday, September 23rd.

Kingfisher Stock Performance

OTCMKTS:KGFHY remained flat at $6.30 on Friday. The company’s stock had a trading volume of 265,016 shares, compared to its average volume of 246,140. Kingfisher has a 52 week low of $5.26 and a 52 week high of $8.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 0.30. The firm’s 50-day simple moving average is $7.82 and its 200-day simple moving average is $7.24.

Kingfisher Cuts Dividend

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

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.