Kingfisher PLC (OTCMKTS:KGFHY) Short Interest Update

Kingfisher PLC (OTCMKTS:KGFHY) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 88,414 shares, an increase of 74.0% from the November 30th total of 50,815 shares. Based on an average daily trading volume, of 205,565 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 205,565 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

A number of research firms have commented on KGFHY. Barclays restated an “underweight” rating on shares of Kingfisher in a report on Tuesday, December 9th. Royal Bank Of Canada raised Kingfisher from a “hold” rating to a “moderate buy” rating in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher from a “hold” rating to a “sell” rating in a research report on Wednesday, December 10th. Finally, UBS Group restated a “neutral” rating on shares of Kingfisher in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kingfisher presently has an average rating of “Reduce”.

Kingfisher Price Performance

KGFHY traded up $0.06 during mid-day trading on Monday, reaching $8.42. 6,464 shares of the stock were exchanged, compared to its average volume of 140,305. Kingfisher has a 1 year low of $5.47 and a 1 year high of $8.46. The company has a 50 day moving average price of $8.11 and a two-hundred day moving average price of $7.67.

Kingfisher Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, October 13th were given a dividend of $0.0908 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a dividend yield of 369.0%.

Kingfisher Company Profile

Kingfisher plc (OTCMKTS: KGFHY) is a leading international home improvement retailer headquartered in London, United Kingdom. The company operates a network of stores and digital platforms offering a comprehensive range of do-it-yourself (DIY) and home improvement products. Kingfisher’s business model focuses on delivering value to both retail customers and trade professionals through an integrated omni-channel approach.

The group’s retail banners include B&Q and Screwfix in the UK and Ireland, Castorama and Brico Dépôt in France and Poland, and Koçta? in Turkey.