Kelly Services, Inc. (NASDAQ:KELYB) Short Interest Update

Key Points

• Short interest plunged 93.4% to 307 shares as of March 31, yielding a short-interest ratio of 0.1 days and roughly 0.0% of shares sold short.
• Weiss Ratings reissued a “sell (d)” on Kelly Services and MarketBeat lists the stock’s consensus rating as Sell.
• KELYB recently traded at $15.59, has a market cap of $533.3M and a negative PE of -2.14, and pays a quarterly dividend of $0.075 (annualized yield ~1.9%).

Kelly Services, Inc. (NASDAQ:KELYB - Get Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 307 shares, a decline of 93.4% from the March 15th total of 4,669 shares. Based on an average trading volume of 5,121 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Kelly Services in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of "Sell".

Kelly Services Stock Performance

KELYB traded down $0.15 on Friday, reaching $15.59. The company had a trading volume of 4,639 shares, compared to its average volume of 27,779. Kelly Services has a 1 year low of $8.38 and a 1 year high of $125.00. The stock has a market capitalization of $533.33 million, a PE ratio of -2.14 and a beta of 0.64. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average price of $15.20 and a 200-day moving average price of $12.40.

Kelly Services (NASDAQ:KELYB - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The business services provider reported $0.16 earnings per share for the quarter. Kelly Services had a negative net margin of 5.98% and a positive return on equity of 4.05%. The firm had revenue of $1.05 billion during the quarter.

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, February 25th. Kelly Services's dividend payout ratio is presently -4.13%.

Kelly Services Company Profile

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.

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