Kyndryl Holdings, Inc. (NYSE:KD) Short Interest Down 10.1% in March

Kyndryl Holdings, Inc. (NYSE:KD - Get Free Report) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 3,930,000 shares, a decrease of 10.1% from the March 15th total of 4,370,000 shares. Approximately 1.7% of the company's shares are short sold. Based on an average daily volume of 1,520,000 shares, the short-interest ratio is presently 2.6 days.

Institutional Investors Weigh In On Kyndryl

Hedge funds and other institutional investors have recently bought and sold shares of the company. SummerHaven Investment Management LLC raised its holdings in shares of Kyndryl by 1.1% in the fourth quarter. SummerHaven Investment Management LLC now owns 56,484 shares of the company's stock worth $1,174,000 after buying an additional 594 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Kyndryl by 3.7% in the fourth quarter. Captrust Financial Advisors now owns 17,659 shares of the company's stock worth $196,000 after buying an additional 630 shares during the last quarter. Fortis Group Advisors LLC raised its holdings in shares of Kyndryl by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 1,600 shares of the company's stock worth $33,000 after buying an additional 800 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Kyndryl by 1.3% in the first quarter. LPL Financial LLC now owns 62,274 shares of the company's stock worth $919,000 after buying an additional 804 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its holdings in shares of Kyndryl by 6.7% in the first quarter. Schonfeld Strategic Advisors LLC now owns 13,221 shares of the company's stock worth $195,000 after buying an additional 827 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Kyndryl from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $20.00 to $25.00 in a research note on Monday, December 18th. Evercore ISI upgraded shares of Kyndryl from an "in-line" rating to an "outperform" rating and set a $26.00 target price on the stock in a research note on Monday, January 8th. Finally, Susquehanna upgraded shares of Kyndryl from a "neutral" rating to a "positive" rating and upped their target price for the stock from $19.00 to $27.00 in a research note on Monday, February 12th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $25.00.

Kyndryl Stock Down 1.9 %

Shares of NYSE KD traded down $0.39 during midday trading on Monday, reaching $20.07. 1,398,757 shares of the company's stock traded hands, compared to its average volume of 1,511,343. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.03. The stock's 50 day simple moving average is $21.60 and its 200-day simple moving average is $19.35. Kyndryl has a one year low of $11.35 and a one year high of $22.90. The company has a market cap of $4.62 billion, a price-to-earnings ratio of -4.43, a P/E/G ratio of 5.76 and a beta of 1.55.

Kyndryl (NYSE:KD - Get Free Report) last posted its earnings results on Tuesday, February 6th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.14). Kyndryl had a negative net margin of 6.27% and a negative return on equity of 7.39%. The firm had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.89 billion. On average, analysts predict that Kyndryl will post -0.57 EPS for the current fiscal year.

Kyndryl Company Profile

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.