Kirkland’s, Inc. (NASDAQ:KIRK) Short Interest Up 10.6% in December

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,090,000 shares, an increase of 10.6% from the December 15th total of 985,300 shares. Based on an average daily trading volume, of 178,700 shares, the days-to-cover ratio is currently 6.1 days. Currently, 9.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Kirkland’s by 7.7% during the third quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock valued at $290,000 after purchasing an additional 9,431 shares in the last quarter. Wolverine Trading LLC bought a new stake in shares of Kirkland’s during the 3rd quarter valued at $26,000. Finally, Dupree Financial Group LLC grew its position in shares of Kirkland’s by 28.3% in the 3rd quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock worth $69,000 after buying an additional 7,000 shares during the period. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Kirkland’s Price Performance

Shares of NASDAQ KIRK opened at $1.57 on Monday. Kirkland’s has a 1 year low of $1.39 and a 1 year high of $3.30. The stock has a market capitalization of $20.60 million, a P/E ratio of -0.98 and a beta of 2.46. The company’s 50-day moving average is $1.70 and its 200 day moving average is $1.73.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “buy” rating and set a $7.00 target price on shares of Kirkland’s in a research note on Wednesday, October 23rd.

Kirkland’s Company Profile

Kirkland’s, Inc operates as a specialty retailer of home décor and furnishings in the United States. Its stores provide various merchandise, including holiday décor, furniture, textiles, ornamental wall décor, decorative accessories, art, mirrors, home fragrance, lighting, floral, housewares, outdoor, and gifts.