Kingfisher PLC (OTCMKTS:KGFHY) Short Interest Up 84.9% in May

Kingfisher PLC (OTCMKTS:KGFHY) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 353,604 shares, an increase of 84.9% from the April 30th total of 191,205 shares. Based on an average daily volume of 273,319 shares, the short-interest ratio is currently 1.3 days. Currently, 0.0% of the company’s stock are short sold.

Kingfisher Stock Performance

Shares of Kingfisher stock opened at $7.48 on Tuesday. Kingfisher has a 1 year low of $6.53 and a 1 year high of $10.17. The firm’s 50-day simple moving average is $7.82 and its 200-day simple moving average is $8.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.27 and a current ratio of 1.21.

Wall Street Analysts Forecast Growth

Separately, Barclays raised shares of Kingfisher from an “underweight” rating to an “equal weight” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Kingfisher presently has an average rating of “Hold”.

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.