Kingfisher PLC (OTCMKTS:KGFHY) Short Interest Down 61.5% in April

Kingfisher PLC (OTCMKTS:KGFHY) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 191,205 shares, a drop of 61.5% from the April 15th total of 496,745 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 266,676 shares, the short-interest ratio is presently 0.7 days.

Kingfisher Price Performance

OTCMKTS KGFHY traded down $0.09 during mid-day trading on Thursday, reaching $7.63. 128,615 shares of the company’s stock traded hands, compared to its average volume of 123,750. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 0.27. Kingfisher has a 1-year low of $6.53 and a 1-year high of $10.17. The company has a fifty day simple moving average of $8.04 and a 200-day simple moving average of $8.42.

Wall Street Analyst Weigh In

Separately, Barclays upgraded Kingfisher from an “underweight” rating to an “equal weight” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

About Kingfisher

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.