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

Kelly Services, Inc. (NASDAQ:KELYB) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 1,467 shares, an increase of 106.3% from the June 30th total of 711 shares. Based on an average daily trading volume, of 1,649 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Kelly Services Stock Performance

NASDAQ KELYB traded down $1.61 during trading hours on Thursday, hitting $21.38. The company had a trading volume of 1,793 shares, compared to its average volume of 1,280. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 1.59. Kelly Services has a 1-year low of $8.38 and a 1-year high of $125.00. The company has a market cap of $741.11 million, a PE ratio of -2.81 and a beta of 0.81. The business has a 50 day moving average of $20.66 and a 200-day moving average of $16.97.

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

Kelly Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, May 18th. Kelly Services’s dividend payout ratio (DPR) is currently -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.