Short Interest in Kingfisher PLC (OTCMKTS:KGFHY) Grows By 74.0%

Kingfisher PLC (OTCMKTS:KGFHY) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 88,414 shares, a growth of 74.0% from the November 30th total of 50,815 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 205,565 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 205,565 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

KGFHY has been the subject of a number of recent research reports. Barclays reaffirmed an “underweight” rating on shares of Kingfisher in a report on Tuesday, December 9th. Royal Bank Of Canada upgraded shares of Kingfisher from a “hold” rating to a “moderate buy” rating in a report on Friday, October 24th. UBS Group reissued a “neutral” rating on shares of Kingfisher in a report on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Kingfisher from a “hold” rating to a “sell” rating in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Kingfisher Price Performance

KGFHY stock traded up $0.07 during midday trading on Tuesday, hitting $8.43. 4,649 shares of the company’s stock were exchanged, compared to its average volume of 140,424. Kingfisher has a 1-year low of $5.47 and a 1-year high of $8.46. The business has a 50-day simple moving average of $8.11 and a two-hundred day simple moving average of $7.68.

Kingfisher Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, October 13th were issued a dividend of $0.0908 per share. This represents a yield of 369.0%. The ex-dividend date of this dividend was Friday, October 10th.

About Kingfisher

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.