Short Interest in Kelly Services, Inc. (NASDAQ:KELYB) Declines By 42.9%

Kelly Services, Inc. (NASDAQ:KELYB) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 837 shares, a drop of 42.9% from the July 15th total of 1,467 shares. Based on an average trading volume of 1,172 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Kelly Services in a research report on Friday, August 7th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Kelly Services presently has an average rating of “Sell”.

Kelly Services Stock Down 9.1%

NASDAQ:KELYB traded down $2.19 on Monday, reaching $21.75. The stock had a trading volume of 3,691 shares, compared to its average volume of 1,035. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average of $21.40 and a 200 day moving average of $17.87. The stock has a market cap of $755.38 million, a P/E ratio of -2.78 and a beta of 0.82. Kelly Services has a 12-month low of $8.38 and a 12-month high of $125.00.

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

Kelly Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.30 dividend on an annualized basis and a yield of 1.4%. Kelly Services’s dividend payout ratio is currently -3.84%.

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.