Howden Joinery Group Plc (OTCMKTS:HWDJF) Sees Significant Growth in Short Interest
by Doug Wharley · The Cerbat GemHowden Joinery Group Plc (OTCMKTS:HWDJF – Get Free Report) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 1,617,852 shares, an increase of 383.4% from the May 31st total of 334,677 shares. Based on an average trading volume of 1,544 shares, the days-to-cover ratio is currently 1,047.8 days.
Howden Joinery Group Stock Performance
Shares of HWDJF stock remained flat at $11.00 during trading hours on Friday. Howden Joinery Group has a 12-month low of $9.60 and a 12-month high of $12.40. The company’s 50-day moving average price is $10.48 and its two-hundred day moving average price is $11.03.
Howden Joinery Group Company Profile
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.