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

by · The Markets Daily

Kelly Services, Inc. (NASDAQ:KELYB – Get Free Report) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,947 shares, an increase of 245.1% from the May 14th total of 854 shares. Based on an average trading volume of 4,515 shares, the short-interest ratio is currently 0.7 days. Currently, 0.1% of the shares of the stock are sold short.

Kelly Services Trading Up 10.2%

NASDAQ:KELYB traded up $1.83 during trading hours on Friday, hitting $19.79. 1,483 shares of the stock were exchanged, compared to its average volume of 3,231. The company’s 50 day moving average is $17.08 and its two-hundred day moving average is $14.02. Kelly Services has a twelve month low of $8.38 and a twelve 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 company has a market capitalization of $685.95 million, a P/E ratio of -2.60 and a beta of 0.81.

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

Kelly Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, May 18th. Kelly Services’s payout ratio is -3.95%.

Analyst Ratings Changes

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

Get Our Latest Analysis on Kelly Services

About Kelly Services

(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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