Howden Joinery (OTCMKTS:HWDJY) Sees Large Increase in Short Interest

Howden Joinery (OTCMKTS:HWDJY) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 120 shares, a growth of 73.9% from the July 15th total of 69 shares. Based on an average daily trading volume, of 206 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Howden Joinery from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Howden Joinery Stock Performance

Shares of Howden Joinery stock remained flat at $42.11 during midday trading on Monday. The company had a trading volume of 2 shares, compared to its average volume of 290. The firm has a 50-day moving average price of $40.87 and a 200 day moving average price of $43.04. Howden Joinery has a 52 week low of $38.59 and a 52 week high of $46.27. The company has a quick ratio of 1.27, a current ratio of 2.10 and a debt-to-equity ratio of 0.51.

About Howden Joinery

Howden Joinery (OTCMKTS:HWDJY) is a United Kingdom–based specialist in the design, manufacture and distribution of fitted kitchens and joinery products. Established in 1995 through a management buyout from the MFI Group, Howden Joinery has grown to become one of Europe’s leading suppliers of trade-only kitchen solutions. The company operates on a decentralised model that caters exclusively to professional tradespeople, offering a comprehensive range of products under one roof.

The company’s core product portfolio includes kitchen cabinets, doors, worktops, sinks, taps and a variety of accessories, from lighting to storage solutions.