Short Interest in Kingfisher plc (OTCMKTS:KGFHY) Declines By 87.6%

Kingfisher plc (OTCMKTS:KGFHY) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 11,700 shares, a decrease of 87.6% from the October 31st total of 94,100 shares. Based on an average daily volume of 161,600 shares, the short-interest ratio is currently 0.1 days.

Kingfisher Stock Performance

Shares of KGFHY stock remained flat at $6.30 on Wednesday. The stock had a trading volume of 264,911 shares, compared to its average volume of 286,715. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 0.30. Kingfisher has a 52-week low of $5.26 and a 52-week high of $8.80. The stock’s 50-day simple moving average is $7.87 and its 200 day simple moving average is $7.24.

Kingfisher Cuts Dividend

The firm also recently announced 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 was Friday, October 11th.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KGFHY shares. UBS Group upgraded shares of Kingfisher from a “strong sell” rating to a “hold” rating in a report on Monday, September 23rd. Barclays upgraded Kingfisher to a “hold” rating in a research note on Friday, September 27th. Finally, Citigroup raised Kingfisher to a “hold” rating in a research note on Wednesday, August 28th.

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.