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

Kelly Services, Inc. (NASDAQ:KELYB) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 548 shares, a drop of 43.3% from the August 15th total of 967 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 437 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Kelly Services from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Kelly Services has a consensus rating of “Sell”.

Kelly Services Trading Up 2.6%

KELYB stock traded up $0.59 during trading on Thursday, reaching $22.88. 67,977 shares of the stock traded hands, compared to its average volume of 27,892. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 1.50. Kelly Services has a 52-week low of $8.38 and a 52-week high of $125.00. The firm has a market capitalization of $794.62 million, a PE ratio of -2.93 and a beta of 0.85. The business’s 50 day moving average price is $22.85 and its 200-day moving average price is $18.92.

Kelly Services (NASDAQ:KELYB) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.18 by $0.19. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion.

Kelly Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were paid a $0.075 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.3%. Kelly Services’s dividend payout ratio (DPR) is -3.84%.

Kelly Services Company Profile

Kelly Services, Inc is a workforce solutions and staffing company that connects employers with workers across a range of industries and skill levels. The company provides temporary, contract, temp-to-hire and direct-hire staffing, along with workforce management and outsourcing services.

Its business serves several specialized markets, including education, science and engineering, professional and industrial staffing, and office and administrative support. Kelly also offers recruiting, talent management, payroll and compliance support, and other services designed to help organizations manage contingent and permanent workforces.

Founded in Detroit in 1946 by William Russell Kelly, the company is recognized as one of the pioneers of the temporary staffing industry.