Kingfisher plc (OTCMKTS:KGFHY) Sees Significant Decrease in Short Interest

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

Kingfisher Price Performance

OTCMKTS:KGFHY traded down $0.06 during trading hours on Friday, hitting $7.43. The company's stock had a trading volume of 113,956 shares, compared to its average volume of 164,527. The business's 50-day moving average is $7.52 and its two-hundred day moving average is $6.71. The company has a current ratio of 1.26, a quick ratio of 0.30 and a debt-to-equity ratio of 0.01. Kingfisher has a 52-week low of $5.47 and a 52-week high of $8.80.

Kingfisher Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, May 26th will be given a $0.203 dividend. This is a boost from Kingfisher's previous dividend of $0.09. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 3.44%.

Wall Street Analyst Weigh In

KGFHY has been the subject of several analyst reports. BNP Paribas upgraded Kingfisher to a "strong sell" rating in a research note on Thursday, May 29th. Citigroup restated a "neutral" rating on shares of Kingfisher in a research note on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Kingfisher in a research note on Wednesday, March 26th. Finally, Barclays cut Kingfisher from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold".

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.