Short Interest in Kelly Services, Inc. (NASDAQ:KELYB) Rises By 245.1%

Kelly Services, Inc. (NASDAQ:KELYB) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 2,947 shares, a growth of 245.1% from the May 14th total of 854 shares. Based on an average daily trading volume, of 4,515 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Kelly Services Trading Up 3.4%

Shares of NASDAQ KELYB traded up $0.59 during trading on Thursday, reaching $17.96. The stock had a trading volume of 534 shares, compared to its average volume of 3,299. Kelly Services has a fifty-two week low of $8.38 and a fifty-two week high of $125.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 1.59. The business’s 50-day moving average price is $16.95 and its 200-day moving average price is $13.98. The company has a market cap of $622.67 million, a P/E ratio of -2.36 and a beta of 0.81.

Kelly Services (NASDAQ:KELYB) last issued its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion.

Kelly Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a $0.075 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.7%. Kelly Services’s payout ratio is presently -3.95%.

About Kelly Services

Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.