Short Interest in Howden Joinery Group Plc (OTCMKTS:HWDJF) Declines By 95.6%

Howden Joinery Group Plc (OTCMKTS:HWDJF) saw a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 16,624 shares, a decline of 95.6% from the February 12th total of 378,868 shares. Based on an average daily volume of 422 shares, the short-interest ratio is presently 39.4 days. Based on an average daily volume of 422 shares, the short-interest ratio is presently 39.4 days.

Howden Joinery Group Price Performance

Shares of Howden Joinery Group stock remained flat at $11.71 during midday trading on Tuesday. The company had a trading volume of 240 shares, compared to its average volume of 18,592. The stock’s fifty day moving average is $11.63 and its two-hundred day moving average is $11.33. Howden Joinery Group has a one year low of $8.71 and a one year high of $12.40.

Analysts Set New Price Targets

Separately, Barclays reiterated an “overweight” rating on shares of Howden Joinery Group in a research report on Monday, February 23rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Howden Joinery Group presently has an average rating of “Moderate Buy”.

Howden Joinery Group Company Profile

Howden Joinery Group plc is a United Kingdom–based specialist manufacturer and distributor of kitchens and joinery products, serving primarily professional tradespeople. The company operates a trade-only, depot-based model that offers a range of kitchen cabinets, doors, worktops, hardware, and related components. Its integrated supply chain covers product design, manufacturing in owned facilities, and direct delivery to more than 800 depots across the UK, enabling rapid turnaround and cost control for its core customers.

Founded in the mid-1990s out of MFI’s kitchen division, the business underwent a management buyout in 2000 and was subsequently listed on the London Stock Exchange in 2006.