Kingsway Financial Services Inc. (NYSE:KFS) Short Interest Update

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 325,100 shares, a drop of 8.2% from the May 15th total of 354,200 shares. Based on an average daily trading volume, of 53,100 shares, the short-interest ratio is currently 6.1 days. Currently, 1.6% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Kingsway Financial Services from a “hold” rating to a “sell” rating in a research note on Friday, June 14th.

Kingsway Financial Services Stock Down 0.2 %

Shares of NYSE:KFS traded down $0.02 during midday trading on Wednesday, hitting $8.04. The stock had a trading volume of 107,010 shares, compared to its average volume of 96,329. Kingsway Financial Services has a 12 month low of $6.25 and a 12 month high of $9.48. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.57. The business’s 50-day simple moving average is $8.31 and its 200-day simple moving average is $8.43.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last released its earnings results on Wednesday, May 8th. The insurance provider reported ($0.08) earnings per share for the quarter. Kingsway Financial Services had a negative net margin of 6.57% and a negative return on equity of 24.36%. The firm had revenue of $26.16 million during the quarter.

Hedge Funds Weigh In On Kingsway Financial Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. Swedbank AB bought a new position in Kingsway Financial Services during the first quarter worth $2,085,000. Vanguard Group Inc. lifted its holdings in shares of Kingsway Financial Services by 3.2% during the first quarter. Vanguard Group Inc. now owns 487,353 shares of the insurance provider’s stock worth $4,065,000 after buying an additional 14,981 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Kingsway Financial Services by 193.0% during the first quarter. BNP Paribas Financial Markets now owns 9,679 shares of the insurance provider’s stock worth $81,000 after buying an additional 6,376 shares in the last quarter. Greenhaven Road Investment Management L.P. lifted its holdings in shares of Kingsway Financial Services by 26.2% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 403,395 shares of the insurance provider’s stock worth $3,388,000 after buying an additional 83,641 shares in the last quarter. Finally, Wasatch Advisors LP lifted its holdings in shares of Kingsway Financial Services by 14.6% during the fourth quarter. Wasatch Advisors LP now owns 828,552 shares of the insurance provider’s stock worth $6,960,000 after buying an additional 105,751 shares in the last quarter. 72.38% of the stock is owned by institutional investors.

Kingsway Financial Services Company Profile

Kingsway Financial Services Inc, through its subsidiaries, engages in the extended warranty and business services in the United States. The company operates through two segments, Extended Warranty and Kingsway Search Xcelerator. The Extended Warranty segment markets, sells, and administers vehicle service agreements and related products for new and used automobiles, motorcycles, and ATVs.