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

Dunelm Group plc (OTCMKTS:DNLMY) was the recipient of a significant decrease in short interest in the month of 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 days-to-cover ratio is currently 0.5 days.

Dunelm Group Price Performance

OTCMKTS DNLMY remained flat at $14.66 during trading hours on Friday. The stock’s 50 day simple moving average is $15.07 and its two-hundred day simple moving average is $14.55. Dunelm Group has a 12 month low of $13.48 and a 12 month high of $16.10.

Dunelm Group Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 1st were paid a $0.3148 dividend. The ex-dividend date was Friday, November 1st. This is an increase from Dunelm Group’s previous dividend of $0.18.

Wall Street Analysts Forecast Growth

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

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.