Kelly Services, Inc. (NASDAQ:KELYB) Short Interest Up 765.1% in April

Kelly Services, Inc. (NASDAQ:KELYB) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 2,656 shares, an increase of 765.1% from the March 31st total of 307 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 45,713 shares, the days-to-cover ratio is presently 0.1 days.

Kelly Services Price Performance

Shares of Kelly Services stock traded down $0.39 during trading on Friday, reaching $16.67. 4,643 shares of the company’s stock were exchanged, compared to its average volume of 56,999. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.54 and a current ratio of 1.54. Kelly Services has a 1-year low of $8.38 and a 1-year high of $125.00. The company has a market cap of $570.45 million, a P/E ratio of -2.29 and a beta of 0.64. The firm’s 50-day moving average price is $14.76 and its 200 day moving average price is $12.54.

Kelly Services (NASDAQ:KELYB) last posted its quarterly earnings results on Thursday, February 12th. The business services provider reported $0.16 EPS for the quarter. Kelly Services had a positive return on equity of 4.05% and a negative net margin of 5.98%.The company had revenue of $1.05 billion during the quarter.

Kelly Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.8%. Kelly Services’s payout ratio is -4.13%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Kelly Services in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.