Kelly Services, Inc. (NASDAQ:KELYB) Short Interest Update

by · The Cerbat Gem

Kelly Services, Inc. (NASDAQ:KELYB – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 711 shares, a drop of 48.3% from the June 15th total of 1,375 shares. Based on an average trading volume of 1,396 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Kelly Services Price Performance

NASDAQ:KELYB traded up $0.19 during trading hours on Thursday, reaching $23.89. 1,622 shares of the company’s stock were exchanged, compared to its average volume of 33,110. The company has a market capitalization of $828.31 million, a P/E ratio of -3.14 and a beta of 0.81. Kelly Services has a 12 month low of $8.38 and a 12 month high of $125.00. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $19.43 and its two-hundred day simple moving average is $16.06.

Kelly Services (NASDAQ:KELYB – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.03 EPS 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 company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion.

Kelly Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were issued a dividend of $0.075 per share. The ex-dividend date was Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.3%. Kelly Services’s payout ratio is currently -3.95%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Read Our Latest Analysis on Kelly Services

Kelly Services Company Profile

(Get Free Report)

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.

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