Howden Joinery Group Plc (OTCMKTS:HWDJF) Sees Significant Decrease in Short Interest

Howden Joinery Group Plc (OTCMKTS:HWDJF) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 16,624 shares, a decrease of 95.6% from the February 12th total of 378,868 shares. Based on an average trading volume of 422 shares, the short-interest ratio is currently 39.4 days. Based on an average trading volume of 422 shares, the short-interest ratio is currently 39.4 days.

Wall Street Analysts Forecast Growth

Separately, Barclays reaffirmed an “overweight” rating on shares of Howden Joinery Group in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Howden Joinery Group Stock Performance

HWDJF remained flat at $11.71 during trading on Thursday. The company’s stock had a trading volume of 240 shares, compared to its average volume of 18,592. The business’s 50-day moving average is $11.64 and its 200 day moving average is $11.33. Howden Joinery Group has a 1-year low of $8.71 and a 1-year high of $12.40.

About Howden Joinery Group

Howden Joinery Group plc is a United Kingdom–based specialist manufacturer and distributor of kitchens and joinery products, serving primarily professional tradespeople. The company operates a trade-only, depot-based model that offers a range of kitchen cabinets, doors, worktops, hardware, and related components. Its integrated supply chain covers product design, manufacturing in owned facilities, and direct delivery to more than 800 depots across the UK, enabling rapid turnaround and cost control for its core customers.

Founded in the mid-1990s out of MFI’s kitchen division, the business underwent a management buyout in 2000 and was subsequently listed on the London Stock Exchange in 2006.