Kelly Services, Inc. (NASDAQ:KELYB) Sees Large Decrease in Short Interest

Kelly Services, Inc. (NASDAQ:KELYBGet Free Report) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,375 shares, a drop of 53.3% from the May 31st total of 2,947 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,265 shares, the days-to-cover ratio is currently 0.6 days.

Kelly Services Stock Up 12.3%

Shares of NASDAQ KELYB traded up $2.39 during midday trading on Tuesday, reaching $21.89. 2,397 shares of the company’s stock were exchanged, compared to its average volume of 35,738. Kelly Services has a 52-week low of $8.38 and a 52-week high of $125.00. The stock has a market capitalization of $758.90 million, a PE ratio of -2.88 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 1.59. The business’s fifty day moving average price is $17.71 and its two-hundred day moving average price is $14.79.

Kelly Services (NASDAQ:KELYBGet Free Report) last issued its quarterly earnings results 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 business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion.

Kelly Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a $0.075 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.30 annualized dividend and a yield of 1.4%. Kelly Services’s dividend payout ratio is currently -3.95%.

Analyst Ratings Changes

Separately, Weiss Ratings lowered 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 MarketBeat, Kelly Services presently has a consensus rating of “Sell”.

Read Our Latest Research Report on KELYB

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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