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

Kelly Services, Inc. (NASDAQ:KELYB) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 477 shares, a drop of 39.3% from the September 15th total of 786 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 17,920 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Kelly Services from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.

Kelly Services Stock Performance

Shares of KELYB stock opened at $22.80 on Friday. The company has a 50 day moving average price of $22.63 and a 200-day moving average price of $20.18. Kelly Services has a 52 week low of $8.38 and a 52 week high of $125.00. The firm has a market capitalization of $791.84 million, a PE ratio of -2.92 and a beta of 0.86. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.08.

Kelly Services (NASDAQ:KELYB) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.19. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion.

Kelly Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.0750 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.30 dividend on an annualized basis and a yield of 1.3%. Kelly Services’s payout ratio is currently -3.84%.

Kelly Services Company Profile

Kelly Services, Inc is a workforce solutions company that provides staffing, recruiting and talent management services to businesses and organizations. Its offerings include temporary and direct-hire placement, workforce outsourcing, recruitment process outsourcing, managed service programs and other services designed to help employers source, deploy and retain talent.

The company serves a range of industries through specialized businesses, including Kelly Professional & Industrial, Kelly Science & Clinical, Kelly Engineering and Kelly Education.