Kelly Services, Inc. (NASDAQ:KELYB) Short Interest Down 42.9% in July

Kelly Services, Inc. (NASDAQ:KELYB) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 837 shares, a drop of 42.9% from the July 15th total of 1,467 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,172 shares, the short-interest ratio is presently 0.7 days.

Kelly Services Stock Performance

Shares of NASDAQ KELYB traded down $1.00 during midday trading on Tuesday, reaching $22.94. 499 shares of the company were exchanged, compared to its average volume of 29,466. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.08. Kelly Services has a 1 year low of $8.38 and a 1 year high of $125.00. The stock has a fifty day simple moving average of $21.46 and a 200 day simple moving average of $17.94. The stock has a market cap of $796.71 million, a P/E ratio of -2.94 and a beta of 0.82.

Kelly Services (NASDAQ:KELYB) last posted its quarterly earnings data 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 positive return on equity of 2.69% and a negative net margin of 6.73%.The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion.

Kelly Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, August 19th. Kelly Services’s dividend payout ratio is -3.84%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kelly Services in a research report on Friday, August 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

About Kelly Services

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.