Kelly Services, Inc. (NASDAQ:KELYB) Stock Short Interest Report for September

Key Points

• Short interest fell sharply: Kelly Services’ short interest declined 39.3% to 477 shares as of September 30, representing 0.0% of shares outstanding and a 0.0-day short-interest ratio.
• Quarterly results beat expectations: The company reported earnings of $0.37 per share versus the $0.18 consensus estimate, while revenue reached $1.04 billion, exceeding the $1.01 billion forecast.
• Analyst sentiment remains negative: Weiss Ratings downgraded the stock to “sell,” and the consensus rating is “Sell.” Shares recently traded at $22.80, while Kelly Services continued paying a quarterly dividend of $0.075 per share.

Kelly Services, Inc. (NASDAQ:KELYB - Get Free Report) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 477 shares, a decrease of 39.3% from the September 15th total of 786 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 17,920 shares, the short-interest ratio is currently 0.0 days.

Kelly Services Price Performance

KELYB stock traded up $0.21 during trading on Friday, hitting $22.80. 7,792 shares of the stock traded hands, compared to its average volume of 26,483. The stock has a market cap of $791.84 million, a price-to-earnings ratio of -2.92 and a beta of 0.86. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.08. Kelly Services has a one year low of $8.38 and a one year high of $125.00. The company has a 50 day simple moving average of $22.61 and a 200 day simple moving average of $20.16.

Kelly Services (NASDAQ:KELYB - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.19. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%.

Kelly Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were given a $0.0750 dividend. This represents a $0.30 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, August 19th. Kelly Services's payout ratio is currently -3.84%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Kelly Services from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of "Sell".

About Kelly Services

Kelly Services, Inc is a workforce solutions company that provides staffing, recruiting and talent management services to businesses and organizations. Its offerings include temporary and direct-hire placement, workforce outsourcing, recruitment process outsourcing, managed service programs and other services designed to help employers source, deploy and retain talent.

The company serves a range of industries through specialized businesses, including Kelly Professional & Industrial, Kelly Science & Clinical, Kelly Engineering and Kelly Education.

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