Kingfisher plc (OTCMKTS:KGFHY) Short Interest Up 169.9% in March

Kingfisher plc (OTCMKTS:KGFHY) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 169,500 shares, an increase of 169.9% from the February 28th total of 62,800 shares. Based on an average trading volume of 207,200 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the shares of the stock are short sold.

Kingfisher Stock Performance

Shares of Kingfisher stock traded up $0.11 during trading on Friday, reaching $6.52. 121,459 shares of the stock traded hands, compared to its average volume of 133,910. Kingfisher has a 52-week low of $5.47 and a 52-week high of $8.80. The company has a current ratio of 1.26, a quick ratio of 0.30 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $6.33 and a two-hundred day simple moving average of $6.89.

Wall Street Analysts Forecast Growth

KGFHY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kingfisher in a research note on Wednesday. Citigroup reiterated a “neutral” rating on shares of Kingfisher in a research report on Wednesday.

About Kingfisher

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.