Kelly Services, Inc. (NASDAQ:KELYB) Short Interest Update

Kelly Services, Inc. (NASDAQ:KELYB) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 711 shares, a decrease of 48.3% from the June 15th total of 1,375 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,396 shares, the short-interest ratio is currently 0.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Kelly Services Price Performance

Shares of KELYB traded down $1.24 during mid-day trading on Friday, reaching $22.61. The company had a trading volume of 1,622 shares, compared to its average volume of 1,404. Kelly Services has a twelve month low of $8.38 and a twelve month high of $125.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.59 and a quick ratio of 1.59. The company’s 50-day moving average is $19.43 and its 200-day moving average is $16.06. The company has a market capitalization of $784.03 million, a P/E ratio of -2.98 and a beta of 0.81.

Kelly Services (NASDAQ:KELYB) last announced its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%.

Kelly Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were given a dividend of $0.075 per share. The ex-dividend date was Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.3%. Kelly Services’s dividend payout ratio (DPR) is -3.95%.

Kelly Services Company Profile

Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.