Kingfisher plc (OTCMKTS:KGFHY) Sees Large Decrease in Short Interest

Kingfisher plc (OTCMKTS:KGFHY) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 9,000 shares, a drop of 23.1% from the November 15th total of 11,700 shares. Based on an average daily trading volume, of 810,800 shares, the days-to-cover ratio is presently 0.0 days.

Kingfisher Price Performance

Shares of OTCMKTS:KGFHY remained flat at $6.51 during midday trading on Friday. The company had a trading volume of 72,455 shares, compared to its average volume of 284,526. Kingfisher has a 12-month low of $5.26 and a 12-month high of $8.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.30 and a current ratio of 1.26. The firm’s fifty day moving average is $7.38 and its 200-day moving average is $7.23.

Kingfisher Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, November 20th. Investors of record on Friday, October 11th were given a dividend of $0.088 per share. The ex-dividend date of this dividend was Friday, October 11th.

Analyst Upgrades and Downgrades

KGFHY has been the subject of several research reports. Barclays upgraded Kingfisher to a “hold” rating in a research report on Friday, September 27th. Citigroup upgraded shares of Kingfisher to a “hold” rating in a research report on Wednesday, August 28th. Finally, UBS Group raised shares of Kingfisher from a “strong sell” rating to a “hold” rating in a research note on Monday, September 23rd.

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.