Kingfisher plc (OTCMKTS:KGFHY) Short Interest Down 87.6% in November

Kingfisher plc (OTCMKTS:KGFHY) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 11,700 shares, a decline of 87.6% from the October 31st total of 94,100 shares. Based on an average daily volume of 161,600 shares, the days-to-cover ratio is currently 0.1 days.

Kingfisher Price Performance

Shares of OTCMKTS:KGFHY remained flat at $6.30 during midday trading on Wednesday. 264,911 shares of the company were exchanged, compared to its average volume of 286,715. The company’s 50 day moving average is $7.87 and its two-hundred day moving average is $7.24. Kingfisher has a 12-month low of $5.26 and a 12-month high of $8.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.30 and a current ratio of 1.26.

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 paid a $0.088 dividend. The ex-dividend date of this dividend was Friday, October 11th.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KGFHY. Citigroup upgraded Kingfisher to a “hold” rating in a research note on Wednesday, August 28th. UBS Group upgraded Kingfisher from a “strong sell” rating to a “hold” rating in a research report on Monday, September 23rd. Finally, Barclays raised Kingfisher to a “hold” rating in a research note on Friday, September 27th.

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.