Kelly Services, Inc. (NASDAQ:KELYB) Shares Shorted: Short Interest Down 39.3% in September

Kelly Services, Inc. (NASDAQ:KELYB) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 477 shares, a decrease of 39.3% from the September 15th total of 786 shares. Based on an average daily volume of 17,920 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Kelly Services from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Kelly Services Price Performance

NASDAQ KELYB traded up $0.21 on Friday, hitting $22.80. 7,792 shares of the company’s stock were exchanged, compared to its average volume of 26,483. The stock has a 50-day moving average of $22.61 and a 200-day moving average of $20.16. The stock has a market cap of $791.84 million, a price-to-earnings ratio of -2.92 and a beta of 0.86. Kelly Services has a 52 week low of $8.38 and a 52 week high of $125.00. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.08.

Kelly Services (NASDAQ:KELYB) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.19. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion.

Kelly Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given a dividend of $0.0750 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Wednesday, August 19th. Kelly Services’s dividend payout ratio (DPR) is -3.84%.

About Kelly Services

Kelly Services, Inc is a workforce solutions company that provides staffing, recruiting and talent management services to businesses and organizations. Its offerings include temporary and direct-hire placement, workforce outsourcing, recruitment process outsourcing, managed service programs and other services designed to help employers source, deploy and retain talent.

The company serves a range of industries through specialized businesses, including Kelly Professional & Industrial, Kelly Science & Clinical, Kelly Engineering and Kelly Education.