Short Interest in Kingfisher plc (OTCMKTS:KGFHY) Declines By 23.1%

Kingfisher plc (OTCMKTS:KGFHY) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 9,000 shares, a decline of 23.1% from the November 15th total of 11,700 shares. Based on an average daily trading volume, of 810,800 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Citigroup upgraded Kingfisher to a “hold” rating in a research note on Wednesday, August 28th. Barclays upgraded Kingfisher to a “hold” rating in a research note on Friday, September 27th. Finally, UBS Group upgraded Kingfisher from a “strong sell” rating to a “hold” rating in a research note on Monday, September 23rd.

Kingfisher Stock Performance

Shares of OTCMKTS:KGFHY traded down $0.03 on Monday, reaching $6.48. The company had a trading volume of 166,372 shares, compared to its average volume of 284,020. Kingfisher has a twelve month low of $5.26 and a twelve month high of $8.80. The stock has a 50-day moving average price of $7.38 and a 200 day moving average price of $7.23. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 0.30.

Kingfisher Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, November 20th. Shareholders of record on Friday, October 11th were given a $0.088 dividend. The ex-dividend date of this dividend was Friday, October 11th.

Kingfisher Company Profile

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.