Short Interest in Kingfisher plc (OTCMKTS:KGFHY) Grows By 111.6%

Kingfisher plc (OTCMKTS:KGFHY) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 36,600 shares, an increase of 111.6% from the December 15th total of 17,300 shares. Based on an average trading volume of 305,000 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

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

Kingfisher Trading Up 4.7 %

Shares of KGFHY traded up $0.26 during trading hours on Thursday, reaching $5.80. 171,487 shares of the company’s stock traded hands, compared to its average volume of 199,619. 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 50 day simple moving average is $6.44 and its 200-day simple moving average is $7.15.

Kingfisher Company Profile

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.