Kingfisher PLC (OTCMKTS:KGFHY) Short Interest Update

Key Points

• Kingfisher PLC's short interest saw a significant decline of 82.8% in September, dropping from 122,700 shares to 21,100 shares.
• The company has recently cut its dividend, with a new payment of $0.0908 per share set for November 19th, providing a 369.0% dividend yield.
• Analysts have issued mixed ratings for Kingfisher, with the majority assigning a Hold or lower rating, resulting in an average rating of "Reduce."

Kingfisher PLC (OTCMKTS:KGFHY - Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 21,100 shares, a decline of 82.8% from the September 15th total of 122,700 shares. Based on an average trading volume of 506,300 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 506,300 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KGFHY shares. UBS Group started coverage on shares of Kingfisher in a research report on Monday, July 28th. They set a "neutral" rating for the company. Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher from a "buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce".

Kingfisher Trading Up 0.4%

Kingfisher stock traded up $0.03 during mid-day trading on Friday, hitting $8.09. The stock had a trading volume of 4,592 shares, compared to its average volume of 156,845. The firm's 50 day moving average is $7.38 and its 200 day moving average is $7.42. Kingfisher has a one year low of $5.47 and a one year high of $8.40.

Kingfisher Cuts Dividend

The business also recently disclosed 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 dividend yield of 369.0%. The ex-dividend date of this dividend is Friday, October 10th.

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.

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