Kingfisher PLC (OTCMKTS:KGFHY) Sees Significant Increase in Short Interest

Kingfisher PLC (OTCMKTS:KGFHY) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 353,604 shares, an increase of 84.9% from the April 30th total of 191,205 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 273,319 shares, the short-interest ratio is presently 1.3 days.

Kingfisher Stock Performance

Shares of Kingfisher stock traded down $0.00 on Wednesday, hitting $7.63. 32,602 shares of the company were exchanged, compared to its average volume of 123,407. The company has a 50-day moving average price of $7.82 and a 200 day moving average price of $8.38. Kingfisher has a 1-year low of $6.53 and a 1-year high of $10.17. The company has a current ratio of 1.21, a quick ratio of 0.27 and a debt-to-equity ratio of 0.02.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded Kingfisher from an “underweight” rating to an “equal weight” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Kingfisher

Kingfisher plc (OTCMKTS: KGFHY) is a leading international home improvement retailer headquartered in London, United Kingdom. The company operates a network of stores and digital platforms offering a comprehensive range of do-it-yourself (DIY) and home improvement products. Kingfisher’s business model focuses on delivering value to both retail customers and trade professionals through an integrated omni-channel approach.

The group’s retail banners include B&Q and Screwfix in the UK and Ireland, Castorama and Brico Dépôt in France and Poland, and Koçtaş in Turkey.