Kingfisher PLC (OTCMKTS:KGFHY) Short Interest Update

Key Points

• Kingfisher PLC experienced a significant increase in short interest of 501.5% in September, with total short interest reaching 122,700 shares.
• The company announced a dividend of $0.0908 per share with a yield of 369.0%, payable on November 19th.
• Analysts have a consensus rating of "Reduce" on Kingfisher stock, with several brokerages downgrading ratings recently.

Kingfisher PLC (OTCMKTS:KGFHY - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 122,700 shares, an increase of 501.5% from the August 31st total of 20,400 shares. Based on an average trading volume of 674,400 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 674,400 shares, the days-to-cover ratio is currently 0.2 days.

Kingfisher Stock Performance

Shares of OTCMKTS:KGFHY traded down $0.03 during mid-day trading on Wednesday, reaching $8.26. The stock had a trading volume of 10,902 shares, compared to its average volume of 162,433. The firm has a 50 day simple moving average of $7.19 and a two-hundred day simple moving average of $7.32. Kingfisher has a twelve month low of $5.47 and a twelve month high of $8.40.

Kingfisher Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Monday, October 13th will be issued a dividend of $0.0908 per share. This represents a yield of 369.0%. The ex-dividend date is Friday, October 10th.

Wall Street Analyst Weigh In

A number of brokerages have commented on KGFHY. UBS Group initiated coverage on shares of Kingfisher in a report on Monday, July 28th. They set a "neutral" rating on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher from a "buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce".

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.

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