Short Interest in Kelly Services, Inc. (NASDAQ:KELYB) Decreases By 42.9%

Kelly Services, Inc. (NASDAQ:KELYB) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 837 shares, a drop of 42.9% from the July 15th total of 1,467 shares. Based on an average daily trading volume, of 1,172 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company’s stock are short sold.

Kelly Services Stock Up 2.9%

Shares of KELYB opened at $22.57 on Wednesday. The firm has a market cap of $784.03 million, a P/E ratio of -2.90 and a beta of 0.82. Kelly Services has a 12 month low of $8.38 and a 12 month high of $125.00. The stock’s 50 day moving average is $21.54 and its two-hundred day moving average is $18.00. 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 announced its earnings results on Thursday, August 6th. The business services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.19. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%.

Kelly Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, August 19th. Kelly Services’s dividend payout ratio (DPR) is currently -3.84%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Kelly Services in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Kelly Services currently has a consensus rating of “Sell”.

About Kelly Services

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.