Kingfisher PLC (OTCMKTS:KGFHY) Short Interest Down 55.3% in May

Kingfisher PLC (OTCMKTS:KGFHY - Get Free Report) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 43,800 shares, a drop of 55.3% from the May 15th total of 97,900 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 264,000 shares, the days-to-cover ratio is currently 0.2 days.

Kingfisher Trading Down 1.3%

KGFHY traded down $0.10 during midday trading on Tuesday, hitting $7.33. The company had a trading volume of 100,347 shares, compared to its average volume of 89,900. Kingfisher has a twelve month low of $5.47 and a twelve month high of $8.80. The firm's 50-day simple moving average is $7.55 and its 200-day simple moving average is $6.73.

Kingfisher Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, May 26th will be issued a $0.203 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 3.44%. This is a positive change from Kingfisher's previous dividend of $0.09.

Wall Street Analysts Forecast Growth

KGFHY has been the topic of a number of recent analyst reports. Citigroup restated a "neutral" rating on shares of Kingfisher in a research report on Thursday, May 22nd. BNP Paribas raised Kingfisher to a "strong sell" rating in a report on Thursday, May 29th. Barclays cut Kingfisher from an "equal weight" rating to an "underweight" rating in a report on Tuesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Kingfisher in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

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.