Kingfisher plc (OTCMKTS:KGFHY) Short Interest Up 8.9% in October

Kingfisher plc (OTCMKTS:KGFHY) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 94,100 shares, a growth of 8.9% from the October 15th total of 86,400 shares. Based on an average trading volume of 121,700 shares, the days-to-cover ratio is currently 0.8 days.

Kingfisher Stock Up 0.1 %

Kingfisher stock opened at $7.35 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 0.30. Kingfisher has a one year low of $5.26 and a one year high of $8.80. The stock’s 50 day moving average price is $7.98 and its 200 day moving average price is $7.21.

Kingfisher Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, October 11th will be paid a dividend of $0.088 per share. The ex-dividend date of this dividend is Friday, October 11th.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays raised shares of Kingfisher to a “hold” rating in a research note on Friday, September 27th. UBS Group upgraded shares of Kingfisher from a “strong sell” rating to a “hold” rating in a report on Monday, September 23rd. Finally, Citigroup upgraded shares of Kingfisher to a “hold” rating in a report on Wednesday, August 28th.

Kingfisher Company Profile

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.