Kingfisher PLC (OTCMKTS:KGFHY) Short Interest Update

Key Points

• Kingfisher PLC experienced a significant 22.9% increase in short interest, rising from 16,600 to 20,400 shares as of August 31st.
• Analysts have shown a mixed sentiment towards Kingfisher, with ratings ranging from "neutral" to "strong sell", resulting in an average rating of "Reduce."
• The company's stock is currently traded at $6.69, down 0.4% from the previous day, following a trading volume of 55,377 shares.

Kingfisher PLC (OTCMKTS:KGFHY - Get Free Report) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 20,400 shares, a growth of 22.9% from the August 15th total of 16,600 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 118,600 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 118,600 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company's stock are short sold.

Kingfisher Stock Performance

Shares of KGFHY traded up $0.02 on Monday, reaching $6.77. The stock had a trading volume of 109,102 shares, compared to its average volume of 156,264. The firm has a 50-day moving average of $7.13 and a 200 day moving average of $7.27. Kingfisher has a twelve month low of $5.47 and a twelve month high of $8.74.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Kingfisher from a "buy" rating to a "hold" rating in a report on Tuesday, August 26th. UBS Group assumed coverage on Kingfisher in a report on Monday, July 28th. They issued a "neutral" rating for the company. Finally, BNP Paribas raised Kingfisher to a "strong sell" rating in a report on Thursday, May 29th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Reduce".

Kingfisher Company Profile

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.