Kingfisher plc (OTCMKTS:KGFHY) Sees Significant Increase in Short Interest

Kingfisher plc (OTCMKTS:KGFHYGet Rating) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 1,035,800 shares, a growth of 21.3% from the June 30th total of 853,600 shares. Based on an average daily trading volume, of 698,400 shares, the short-interest ratio is currently 1.5 days.

Kingfisher Price Performance

Shares of KGFHY stock opened at $6.07 on Thursday. Kingfisher has a 1-year low of $5.65 and a 1-year high of $10.43. The firm has a fifty day moving average of $6.20 and a two-hundred day moving average of $6.96.

Kingfisher Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 30th. Shareholders of record on Friday, May 20th were issued a dividend of $0.206 per share. This represents a yield of 8.09%. The ex-dividend date of this dividend was Thursday, May 19th.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KGFHY shares. JPMorgan Chase & Co. dropped their price target on shares of Kingfisher from GBX 255 ($3.12) to GBX 245 ($3.00) in a research note on Wednesday, May 25th. Societe Generale downgraded shares of Kingfisher from a “hold” rating to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Kingfisher has an average rating of “Hold” and a consensus target price of $310.00.

Kingfisher Company Profile

(Get Rating)

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. The company also offers property investment, finance, digital, sourcing and franchising, and IT services. It operates approximately 1,470 stores in eight countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koctas brands.

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