Kelly Services, Inc. (NASDAQ:KELYB) Sees Significant Decline in Short Interest

Kelly Services, Inc. (NASDAQ:KELYB) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 100 shares, a decline of 50.0% from the December 15th total of 200 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 500 shares, the days-to-cover ratio is presently 0.2 days.

NASDAQ:KELYB opened at $18.47 on Friday. Kelly Services has a one year low of $16.63 and a one year high of $60.00. The business’s 50-day simple moving average is $17.92 and its 200 day simple moving average is $20.07. The stock has a market cap of $727.53 million, a price-to-earnings ratio of 6.84 and a beta of 1.75.

Kelly Services (NASDAQ:KELYB) last released its quarterly earnings results on Wednesday, November 10th. The business services provider reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). Kelly Services had a return on equity of 4.13% and a net margin of 2.20%. The business had revenue of $1.20 billion during the quarter. During the same quarter last year, the business posted $0.29 EPS.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 8th. Investors of record on Wednesday, November 24th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Tuesday, November 23rd. Kelly Services’s dividend payout ratio (DPR) is 7.41%.

About Kelly Services

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.

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