Short Interest in Kirkland’s, Inc. (NASDAQ:KIRK) Increases By 10.6%

Kirkland’s, Inc. (NASDAQ:KIRK) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 1,090,000 shares, a growth of 10.6% from the December 15th total of 985,300 shares. Currently, 9.1% of the company’s shares are short sold. Based on an average daily volume of 178,700 shares, the days-to-cover ratio is currently 6.1 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KIRK. Dupree Financial Group LLC grew its stake in Kirkland’s by 28.3% during the 3rd quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock valued at $69,000 after acquiring an additional 7,000 shares in the last quarter. Geode Capital Management LLC increased its stake in Kirkland’s by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock valued at $290,000 after buying an additional 9,431 shares during the period. Finally, Wolverine Trading LLC purchased a new stake in Kirkland’s in the 3rd quarter worth approximately $26,000. 15.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Benchmark reaffirmed a “buy” rating and set a $7.00 price objective on shares of Kirkland’s in a research note on Wednesday, October 23rd.

Kirkland’s Trading Down 0.6 %

NASDAQ:KIRK traded down $0.01 during trading hours on Friday, hitting $1.57. 41,678 shares of the stock traded hands, compared to its average volume of 106,664. The firm has a 50 day moving average price of $1.70 and a 200 day moving average price of $1.73. The firm has a market cap of $20.60 million, a price-to-earnings ratio of -0.98 and a beta of 2.46. Kirkland’s has a fifty-two week low of $1.39 and a fifty-two week high of $3.30.

Kirkland’s Company Profile

Kirkland’s, Inc operates as a specialty retailer of home décor and furnishings in the United States. Its stores provide various merchandise, including holiday décor, furniture, textiles, ornamental wall décor, decorative accessories, art, mirrors, home fragrance, lighting, floral, housewares, outdoor, and gifts.