Short Interest in Kelly Services, Inc. (NASDAQ:KELYB) Increases By 245.1%

Kelly Services, Inc. (NASDAQ:KELYB) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,947 shares, an increase of 245.1% from the May 14th total of 854 shares. Based on an average trading volume of 4,515 shares, the short-interest ratio is currently 0.7 days. Currently, 0.1% of the shares of the stock are sold short.

Kelly Services Trading Up 10.2%

NASDAQ:KELYB traded up $1.83 during trading hours on Friday, hitting $19.79. 1,483 shares of the stock were exchanged, compared to its average volume of 3,231. The company’s 50 day moving average is $17.08 and its two-hundred day moving average is $14.02. Kelly Services has a twelve month low of $8.38 and a twelve month high of $125.00. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $685.95 million, a P/E ratio of -2.60 and a beta of 0.81.

Kelly Services (NASDAQ:KELYB) last posted its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates 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 Dividend Announcement

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

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus 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.