Kingfisher plc (OTCMKTS:KGFHY) Short Interest Up 8.9% in October

Kingfisher plc (OTCMKTS:KGFHY) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 94,100 shares, an increase of 8.9% from the October 15th total of 86,400 shares. Based on an average daily trading volume, of 121,700 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KGFHY. Citigroup upgraded shares of Kingfisher to a “hold” rating in a report on Wednesday, August 28th. UBS Group upgraded shares of Kingfisher from a “strong sell” rating to a “hold” rating in a research note on Monday, September 23rd. Finally, Barclays upgraded Kingfisher to a “hold” rating in a research report on Friday, September 27th.

Kingfisher Stock Up 0.1 %

Kingfisher stock opened at $7.35 on Monday. The company’s 50 day moving average is $7.98 and its two-hundred day moving average is $7.21. 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 $5.26 and a 52-week high of $8.80.

Kingfisher Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Friday, October 11th will be paid a $0.088 dividend. The ex-dividend date of this dividend is Friday, October 11th.

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.