Kyndryl Holdings, Inc. (NYSE:KD) Short Interest Update

Kyndryl Holdings, Inc. (NYSE:KD) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 9,780,000 shares, an increase of 10.3% from the September 15th total of 8,870,000 shares. Approximately 4.3% of the shares of the stock are short sold. Based on an average trading volume of 1,600,000 shares, the days-to-cover ratio is currently 6.1 days.

Institutional Trading of Kyndryl

Several institutional investors have recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda acquired a new position in Kyndryl in the fourth quarter valued at $207,000. Fulton Bank N.A. lifted its stake in shares of Kyndryl by 52.2% in the 1st quarter. Fulton Bank N.A. now owns 17,456 shares of the company’s stock valued at $380,000 after purchasing an additional 5,990 shares during the period. Wedmont Private Capital bought a new stake in shares of Kyndryl during the 1st quarter valued at about $236,000. AdvisorNet Financial Inc grew its stake in Kyndryl by 19.7% during the first quarter. AdvisorNet Financial Inc now owns 6,407 shares of the company’s stock worth $139,000 after purchasing an additional 1,054 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new stake in Kyndryl in the first quarter worth approximately $549,000. 71.53% of the stock is currently owned by institutional investors.

Kyndryl Stock Performance

Shares of Kyndryl stock opened at $25.03 on Thursday. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of -16.80, a P/E/G ratio of 5.42 and a beta of 1.63. Kyndryl has a twelve month low of $13.87 and a twelve month high of $28.60. The company’s fifty day moving average is $23.40 and its 200 day moving average is $24.21. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.82.

Kyndryl (NYSE:KD) last announced its earnings results on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.78 billion. Kyndryl had a negative return on equity of 3.28% and a negative net margin of 1.21%. Sell-side analysts forecast that Kyndryl will post 0.89 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Oppenheimer started coverage on Kyndryl in a report on Thursday, June 27th. They set an “outperform” rating and a $33.00 price target on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $29.40.

About Kyndryl

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.