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

Kingfisher PLC (OTCMKTS:KGFHY) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 137,545 shares, an increase of 72.0% from the July 15th total of 79,947 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 317,916 shares, the short-interest ratio is currently 0.4 days.

Kingfisher Stock Down 1.5%

Kingfisher stock traded down $0.13 during trading on Monday, reaching $8.73. 128,482 shares of the company’s stock were exchanged, compared to its average volume of 129,433. The company has a quick ratio of 0.27, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. Kingfisher has a 52-week low of $6.53 and a 52-week high of $10.17. The company’s 50-day moving average is $7.91 and its two-hundred day moving average is $8.23.

Analyst Ratings Changes

Separately, Barclays upgraded Kingfisher from an “underweight” rating to an “equal weight” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, 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.