Kingfisher PLC (OTCMKTS:KGFHY) Short Interest Down 63.9% in June

Kingfisher PLC (OTCMKTS:KGFHY) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 106,462 shares, a decrease of 63.9% from the June 15th total of 295,061 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 273,341 shares, the short-interest ratio is currently 0.4 days.

Kingfisher Trading Up 1.6%

KGFHY stock traded up $0.12 during trading hours on Tuesday, hitting $7.49. 102,510 shares of the stock traded hands, compared to its average volume of 125,896. Kingfisher has a one year low of $6.53 and a one year high of $10.17. The stock has a 50-day simple moving average of $7.63 and a 200 day simple moving average of $8.28. The company has a current ratio of 1.21, a quick ratio of 0.27 and a debt-to-equity ratio of 0.02.

Analysts Set New Price Targets

Separately, Barclays upgraded Kingfisher from an “underweight” rating to an “equal weight” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Kingfisher Company Profile

Kingfisher plc (OTCMKTS: KGFHY) is a leading international home improvement retailer headquartered in London, United Kingdom. The company operates a network of stores and digital platforms offering a comprehensive range of do-it-yourself (DIY) and home improvement products. Kingfisher’s business model focuses on delivering value to both retail customers and trade professionals through an integrated omni-channel approach.

The group’s retail banners include B&Q and Screwfix in the UK and Ireland, Castorama and Brico Dépôt in France and Poland, and Koçtaş in Turkey.