Kelly Services, Inc. (NASDAQ:KELYB) Stock Short Interest Rises 156.4%

Kelly Services, Inc. (NASDAQ:KELYB) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,223 shares, an increase of 156.4% from the September 30th total of 477 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,233 shares, the short-interest ratio is presently 1.0 days.

Kelly Services Stock Performance

NASDAQ:KELYB traded up $1.40 during midday trading on Friday, reaching $28.75. The stock had a trading volume of 197 shares, compared to its average volume of 1,505. The firm has a fifty day simple moving average of $23.32 and a two-hundred day simple moving average of $19.08. Kelly Services has a 12-month low of $8.38 and a 12-month high of $125.00. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. The stock has a market cap of $998.58 million, a P/E ratio of -3.68 and a beta of 0.86.

Kelly Services (NASDAQ:KELYB) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion.

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were given a dividend of $0.0750 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.30 annualized dividend and a yield of 1.0%. Kelly Services’s payout ratio is presently -3.84%.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Kelly Services from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, October 16th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

About Kelly Services

Kelly Services, Inc (NASDAQ: KELYB) is a workforce solutions and staffing company that connects employers with talent across a range of industries and skill levels. Its services include temporary and contract staffing, direct-hire and permanent placement, recruitment process outsourcing, and workforce management solutions.

The company serves organizations through specialized offerings for professional and technical roles, science and engineering, education, office and administrative functions, industrial positions, and other workforce categories.