Short Interest in Kingfisher plc (OTCMKTS:KGFHY) Rises By 6.8%

Kingfisher plc (OTCMKTS:KGFHY) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 192,100 shares, an increase of 6.8% from the August 15th total of 179,800 shares. Based on an average daily volume of 113,200 shares, the days-to-cover ratio is presently 1.7 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Kingfisher to a “hold” rating in a research report on Wednesday, August 28th.

Kingfisher Stock Up 3.2 %

Shares of KGFHY traded up $0.24 on Tuesday, reaching $7.66. The stock had a trading volume of 59,224 shares, compared to its average volume of 324,222. The company has a 50-day simple moving average of $7.15 and a 200-day simple moving average of $6.59. Kingfisher has a 12-month low of $4.80 and a 12-month high of $7.87. The company has a current ratio of 1.29, a quick ratio of 0.27 and a debt-to-equity ratio of 0.02.

About Kingfisher

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 IT services. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands.