Dunelm Group (OTCMKTS:DNLMY) Sees Large Drop in Short Interest

Key Points

• Dunelm Group experienced a 22.2% decrease in short interest in August, with total short interest falling to 2,100 shares as of August 31st.
• Royal Bank of Canada has dropped Dunelm Group's rating from "moderate buy" to "hold", although the stock still has an average rating of "Buy" from analysts.
• The stock price opened at $15.89, with a 52-week range between $12.04 and $17.25, reflecting its current market performance.

Dunelm Group (OTCMKTS:DNLMY - Get Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 2,100 shares, a drop of 22.2% from the August 15th total of 2,700 shares. Based on an average trading volume of 200 shares, the short-interest ratio is currently 10.5 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 200 shares, the short-interest ratio is currently 10.5 days.

Dunelm Group Price Performance

Shares of DNLMY opened at $15.89 on Thursday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.87 and a quick ratio of 0.26. The stock has a 50 day moving average price of $15.89 and a two-hundred day moving average price of $15.78. Dunelm Group has a 52 week low of $12.04 and a 52 week high of $17.25.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada lowered Dunelm Group from a "moderate buy" rating to a "hold" rating in a research report on Monday, June 9th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy".

Dunelm Group Company Profile

Dunelm Group plc retails homewares in the United Kingdom. The company offers furniture and beds products, which include bedroom, living room, dining room, and other furniture, as well as bed and mattresses, and sofas and armchairs; bedding products comprising bed linen, dorma, baby and kid's bedding, and duvets, pillows, and protectors; curtains and rugs; and venetian, roller, roman, vertical, and made to measure blinds.

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