Short Interest in Kingfisher plc (OTCMKTS:KGFHY) Expands By 169.9%

Kingfisher plc (OTCMKTS:KGFHY) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 169,500 shares, a growth of 169.9% from the February 28th total of 62,800 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 207,200 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analyst Weigh In

KGFHY has been the subject of several research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Kingfisher in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kingfisher in a research note on Wednesday.

Kingfisher Price Performance

OTCMKTS:KGFHY traded up $0.11 during midday trading on Friday, reaching $6.52. The company had a trading volume of 121,459 shares, compared to its average volume of 133,910. Kingfisher has a 12-month low of $5.47 and a 12-month high of $8.80. The company has a current ratio of 1.26, a quick ratio of 0.30 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $6.33 and its 200-day simple moving average is $6.89.

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.