Short Interest in Kingfisher PLC (OTCMKTS:KGFHY) Decreases By 79.7%

Key Points

• Kingfisher PLC experienced a 79.7% decline in short interest in July, bringing the total to 22,500 shares and resulting in a short-interest ratio of 0.0 days.
• The company recently announced an increase in its dividend to $0.203 from a previous $0.09, translating to an impressive yield of 344.0%.
• Currently, Kingfisher holds an average analyst rating of "Hold", with two analysts giving sell ratings and one a buy rating.

Kingfisher PLC (OTCMKTS:KGFHY - Get Free Report) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 22,500 shares, adecreaseof79.7% from the July 15th total of 110,800 shares. Based on an average trading volume of 526,200 shares, the short-interest ratio is presently 0.0 days. Approximately0.0% of the company's stock are sold short. Approximately0.0% of the company's stock are sold short. Based on an average trading volume of 526,200 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

KGFHY has been the subject of several research reports. Citigroup reissued a "neutral" rating on shares of Kingfisher in a research report on Thursday, May 22nd. UBS Group initiated coverage on Kingfisher in a research report on Monday, July 28th. They issued a "neutral" rating for the company. Barclays lowered Kingfisher from an "equal weight" rating to an "underweight" rating in a research report on Tuesday, May 20th. Finally, BNP Paribas raised Kingfisher to a "strong sell" rating in a research report on Thursday, May 29th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Reduce".

Kingfisher Stock Up 1.9%

KGFHY stock traded up $0.14 on Wednesday, reaching $7.42. 49,566 shares of the company traded hands, compared to its average volume of 180,827. The firm has a fifty day simple moving average of $7.46 and a 200-day simple moving average of $7.15. Kingfisher has a one year low of $5.47 and a one year high of $8.80.

About Kingfisher

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.