Kelly Services, Inc. (NASDAQ:KELYB) Short Interest Update

Kelly Services, Inc. (NASDAQ:KELYB) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 854 shares, an increase of 70.5% from the April 30th total of 501 shares. Based on an average trading volume of 2,349 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Kelly Services has an average rating of “Sell”.

Kelly Services Trading Down 6.2%

Shares of NASDAQ:KELYB opened at $19.78 on Thursday. Kelly Services has a 1 year low of $8.38 and a 1 year high of $125.00. The firm has a market capitalization of $685.81 million, a price-to-earnings ratio of -2.60 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.59 and a quick ratio of 1.59. The business’s 50 day moving average price is $16.22 and its 200-day moving average price is $13.56.

Kelly Services (NASDAQ:KELYB) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%.

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.5%. Kelly Services’s payout ratio is currently -3.95%.

Kelly Services Company Profile

Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.