Kyndryl Holdings, Inc. (NYSE:KD) Short Interest Update

Kyndryl Holdings, Inc. (NYSE:KD) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 3,930,000 shares, a decrease of 10.1% from the March 15th total of 4,370,000 shares. Based on an average daily trading volume, of 1,520,000 shares, the short-interest ratio is presently 2.6 days. Approximately 1.7% of the company’s stock are short sold.

Kyndryl Stock Down 1.9 %

Kyndryl stock traded down $0.38 during mid-day trading on Wednesday, hitting $19.69. The company had a trading volume of 1,171,490 shares, compared to its average volume of 1,238,500. Kyndryl has a 1 year low of $11.35 and a 1 year high of $22.90. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.94 and a current ratio of 0.94. The business has a fifty day moving average of $21.60 and a 200 day moving average of $19.35.

Kyndryl (NYSE:KD) last announced its quarterly earnings results on Tuesday, February 6th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.14). The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Kyndryl had a negative net margin of 6.27% and a negative return on equity of 7.39%. As a group, sell-side analysts predict that Kyndryl will post -0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Evercore ISI upgraded shares of Kyndryl from an “in-line” rating to an “outperform” rating and set a $26.00 target price on the stock in a research note on Monday, January 8th. Susquehanna upgraded shares of Kyndryl from a “neutral” rating to a “positive” rating and upped their target price for the stock from $19.00 to $27.00 in a research note on Monday, February 12th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, Kyndryl has a consensus rating of “Buy” and a consensus price target of $25.00.

Hedge Funds Weigh In On Kyndryl

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Kyndryl by 3.4% during the third quarter. Vanguard Group Inc. now owns 26,038,728 shares of the company’s stock worth $393,185,000 after acquiring an additional 844,205 shares during the last quarter. BlackRock Inc. grew its position in shares of Kyndryl by 0.7% during the second quarter. BlackRock Inc. now owns 20,505,596 shares of the company’s stock worth $272,314,000 after acquiring an additional 151,135 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Kyndryl by 3,628.6% during the second quarter. Goldman Sachs Group Inc. now owns 17,387,317 shares of the company’s stock worth $170,048,000 after acquiring an additional 16,920,997 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Kyndryl by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,666,365 shares of the company’s stock worth $200,873,000 after acquiring an additional 190,062 shares during the last quarter. Finally, Greenlight Capital Inc. lifted its holdings in shares of Kyndryl by 13.7% during the fourth quarter. Greenlight Capital Inc. now owns 6,356,069 shares of the company’s stock worth $132,079,000 after purchasing an additional 767,943 shares during the period. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Kyndryl Company Profile

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.