Kingfisher plc (OTCMKTS:KGFHY) Short Interest Up 6.8% in August

Kingfisher plc (OTCMKTS:KGFHY) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 192,100 shares, an increase of 6.8% from the August 15th total of 179,800 shares. Based on an average trading volume of 113,200 shares, the days-to-cover ratio is presently 1.7 days.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Kingfisher to a “hold” rating in a research note on Wednesday, August 28th.

Kingfisher Stock Performance

Shares of Kingfisher stock traded up $0.24 during trading hours on Tuesday, reaching $7.66. 59,224 shares of the stock traded hands, compared to its average volume of 324,222. The company has a 50 day moving average price of $7.15 and a 200 day moving average price of $6.59. Kingfisher has a one year low of $4.80 and a one year high of $7.87. The company has a current ratio of 1.29, a quick ratio of 0.27 and a debt-to-equity ratio of 0.02.

About Kingfisher

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. The company also offers property investment, finance, digital, sourcing, and IT services. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands.