Short Interest in Kingsway Financial Services Inc. (NYSE:KFS) Increases By 6.8%

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 425,000 shares, a growth of 6.8% from the December 15th total of 398,000 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average trading volume of 43,900 shares, the short-interest ratio is presently 9.7 days.

Kingsway Financial Services Stock Performance

Shares of KFS stock opened at $8.13 on Tuesday. Kingsway Financial Services has a 12 month low of $7.60 and a 12 month high of $9.58. The company’s fifty day simple moving average is $8.50 and its 200-day simple moving average is $8.42. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.41 and a quick ratio of 0.41.

Insider Transactions at Kingsway Financial Services

In other Kingsway Financial Services news, Director Joseph Stilwell sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $8.78, for a total value of $219,500.00. Following the sale, the director now owns 636,159 shares in the company, valued at approximately $5,585,476.02. The trade was a 3.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders purchased 1,143 shares of company stock valued at $10,011 over the last quarter. Corporate insiders own 54.75% of the company’s stock.

Institutional Investors Weigh In On Kingsway Financial Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in KFS. JPMorgan Chase & Co. boosted its holdings in shares of Kingsway Financial Services by 368.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider’s stock valued at $236,000 after buying an additional 22,438 shares during the last quarter. Barclays PLC raised its position in Kingsway Financial Services by 325.5% during the third quarter. Barclays PLC now owns 18,269 shares of the insurance provider’s stock worth $150,000 after acquiring an additional 13,975 shares in the last quarter. Geode Capital Management LLC lifted its stake in Kingsway Financial Services by 2.0% in the third quarter. Geode Capital Management LLC now owns 347,235 shares of the insurance provider’s stock valued at $2,875,000 after acquiring an additional 6,941 shares during the last quarter. State Street Corp grew its position in shares of Kingsway Financial Services by 4.8% in the 3rd quarter. State Street Corp now owns 151,477 shares of the insurance provider’s stock valued at $1,254,000 after acquiring an additional 6,877 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Kingsway Financial Services by 21.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 37,793 shares of the insurance provider’s stock worth $311,000 after purchasing an additional 6,778 shares during 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.