Kirkland’s, Inc. (NASDAQ:KIRK) Short Interest Down 7.9% in March

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 676,000 shares, a decline of 7.9% from the March 15th total of 734,300 shares. Based on an average daily trading volume, of 145,900 shares, the days-to-cover ratio is currently 4.6 days. Currently, 5.9% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Kirkland’s from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd.

Kirkland’s Trading Down 5.5 %

NASDAQ KIRK opened at $2.05 on Wednesday. The company has a 50-day moving average price of $2.56 and a 200-day moving average price of $2.47. Kirkland’s has a 52 week low of $1.40 and a 52 week high of $3.88. The company has a quick ratio of 0.10, a current ratio of 0.78 and a debt-to-equity ratio of 10.88.

Kirkland’s (NASDAQ:KIRK) last released its earnings results on Thursday, March 21st. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter. The company had revenue of $165.95 million during the quarter. Kirkland’s had a negative net margin of 5.92% and a negative return on equity of 870.01%.

Institutional Investors Weigh In On Kirkland’s

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KIRK. American Century Companies Inc. increased its holdings in Kirkland’s by 27.7% in the 1st quarter. American Century Companies Inc. now owns 76,138 shares of the specialty retailer’s stock worth $707,000 after acquiring an additional 16,502 shares in the last quarter. Federated Hermes Inc. boosted its stake in Kirkland’s by 121.2% in the 1st quarter. Federated Hermes Inc. now owns 73,595 shares of the specialty retailer’s stock worth $684,000 after purchasing an additional 40,326 shares during the period. DCF Advisers LLC bought a new position in Kirkland’s in the 1st quarter worth approximately $224,000. Arrowstreet Capital Limited Partnership bought a new position in Kirkland’s in the 1st quarter worth approximately $673,000. Finally, Invesco Ltd. boosted its stake in Kirkland’s by 122.7% in the 1st quarter. Invesco Ltd. now owns 57,925 shares of the specialty retailer’s stock worth $539,000 after purchasing an additional 31,918 shares during the period. 15.38% of the stock is owned by hedge funds and other institutional investors.

About Kirkland’s

Kirkland's, Inc operates as a specialty retailer of home décor and furnishings in the United States. Its stores provide various merchandise, including holiday décor, furniture, textiles, ornamental wall décor, decorative accessories, art, mirrors, home fragrance, lighting, floral, housewares, and gifts.