Short Interest in Kingfisher PLC (OTCMKTS:KGFHY) Rises By 74.0%

Kingfisher PLC (OTCMKTS:KGFHY) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 88,414 shares, a growth of 74.0% from the November 30th total of 50,815 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 205,565 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 205,565 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Kingfisher Stock Down 0.2%

Kingfisher stock traded down $0.02 during trading hours on Friday, hitting $8.36. The stock had a trading volume of 22,580 shares, compared to its average volume of 88,993. Kingfisher has a 1-year low of $5.47 and a 1-year high of $8.46. The stock’s fifty day moving average is $8.11 and its two-hundred day moving average is $7.67.

Kingfisher Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, October 13th were issued a dividend of $0.0908 per share. This represents a yield of 369.0%. The ex-dividend date was Friday, October 10th.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays reiterated an “underweight” rating on shares of Kingfisher in a research note on Tuesday, December 9th. UBS Group reaffirmed a “neutral” rating on shares of Kingfisher in a report on Wednesday, December 10th. Royal Bank Of Canada raised Kingfisher from a “hold” rating to a “moderate buy” rating in a research note on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft cut Kingfisher from a “hold” rating to a “sell” rating in a report on Wednesday, December 10th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Kingfisher Company Profile

Kingfisher plc (OTCMKTS: KGFHY) is a leading international home improvement retailer headquartered in London, United Kingdom. The company operates a network of stores and digital platforms offering a comprehensive range of do-it-yourself (DIY) and home improvement products. Kingfisher’s business model focuses on delivering value to both retail customers and trade professionals through an integrated omni-channel approach.

The group’s retail banners include B&Q and Screwfix in the UK and Ireland, Castorama and Brico Dépôt in France and Poland, and Koçtaş in Turkey.