Kingfisher plc (OTCMKTS:KGFHY) Sees Significant Decline in Short Interest

Kingfisher plc (OTCMKTS:KGFHY) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 58,400 shares, a drop of 65.5% from the March 15th total of 169,500 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 293,400 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KGFHY shares. Citigroup reissued a “neutral” rating on shares of Kingfisher in a report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Kingfisher in a research note on Wednesday, March 26th.

Kingfisher Price Performance

Shares of KGFHY traded up $0.27 on Tuesday, hitting $7.01. The company’s stock had a trading volume of 104,840 shares, compared to its average volume of 194,086. Kingfisher has a fifty-two week low of $5.47 and a fifty-two week high of $8.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 0.30. The firm’s fifty day moving average price is $6.48 and its 200-day moving average price is $6.74.

About Kingfisher

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.