Short Interest in Kelly Services, Inc. (NASDAQ:KELYB) Rises By 245.1%

Kelly Services, Inc. (NASDAQ:KELYB) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,947 shares, an increase of 245.1% from the May 14th total of 854 shares. Based on an average daily volume of 4,515 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the shares of the stock are sold short.

Kelly Services Trading Up 3.4%

KELYB stock traded up $0.59 during midday trading on Thursday, hitting $17.96. 534 shares of the company’s stock were exchanged, compared to its average volume of 3,299. The business has a 50-day simple moving average of $16.95 and a two-hundred day simple moving average of $13.98. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $622.67 million, a PE ratio of -2.36 and a beta of 0.81. Kelly Services has a 1-year low of $8.38 and a 1-year high of $125.00.

Kelly Services (NASDAQ:KELYB) last posted its earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%.

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.30 annualized dividend and a yield of 1.7%. Kelly Services’s dividend payout ratio (DPR) is -3.95%.

Analyst Ratings Changes

Separately, Weiss Ratings cut Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Kelly Services Company Profile

Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.