Kingfisher PLC (OTCMKTS:KGFHY) Sees Large Decline in Short Interest

Kingfisher PLC (OTCMKTS:KGFHY) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 191,205 shares, a decrease of 61.5% from the April 15th total of 496,745 shares. Based on an average daily trading volume, of 266,676 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the stock are short sold.

Kingfisher Price Performance

Shares of KGFHY stock traded down $0.34 during trading on Friday, hitting $7.29. The company had a trading volume of 185,987 shares, compared to its average volume of 143,607. The company has a quick ratio of 0.27, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average is $7.96 and its two-hundred day moving average is $8.41. Kingfisher has a 52 week low of $6.53 and a 52 week high of $10.17.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded Kingfisher from an “underweight” rating to an “equal weight” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus 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.