Short Interest in Howden Joinery (OTCMKTS:HWDJY) Decreases By 67.5%

Howden Joinery (OTCMKTS:HWDJY) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 39 shares, a decline of 67.5% from the July 30th total of 120 shares. Based on an average daily volume of 416 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

Howden Joinery Stock Performance

Shares of HWDJY stock remained flat at $42.11 on Friday. The stock’s 50 day moving average price is $41.41 and its 200-day moving average price is $42.89. Howden Joinery has a fifty-two week low of $38.59 and a fifty-two week high of $46.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.10.

Howden Joinery Company Profile

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.