Kingfisher PLC (OTCMKTS:KGFHY) Sees Significant Decline in Short Interest

Kingfisher PLC (OTCMKTS:KGFHY) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 106,462 shares, a drop of 63.9% from the June 15th total of 295,061 shares. Based on an average daily volume of 273,341 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Kingfisher Stock Performance

Shares of KGFHY stock opened at $7.42 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.27 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average price of $7.64 and a 200 day moving average price of $8.28. Kingfisher has a 12 month low of $6.53 and a 12 month high of $10.17.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of Kingfisher from an “underweight” rating to an “equal weight” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Kingfisher Company Profile

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.