Kelly Services, Inc. (NASDAQ:KELYB) Sees Large Drop in Short Interest

Kelly Services, Inc. (NASDAQ:KELYB) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 501 shares, a decline of 81.1% from the April 15th total of 2,656 shares. Based on an average daily volume of 7,918 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Kelly Services Stock Performance

Shares of Kelly Services stock traded down $0.59 during trading on Wednesday, reaching $16.15. The company’s stock had a trading volume of 4,158 shares, compared to its average volume of 5,879. The business’s 50-day moving average price is $14.97 and its 200-day moving average price is $12.80. The firm has a market cap of $552.49 million, a PE ratio of -2.12 and a beta of 0.71. Kelly Services has a 52 week low of $8.38 and a 52 week high of $125.00. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13.

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

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, May 18th. Kelly Services’s payout ratio is presently -3.95%.

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.