Kelly Services, Inc. (NASDAQ:KELYB) Short Interest Up 70.5% in May

Kelly Services, Inc. (NASDAQ:KELYB) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 854 shares, an increase of 70.5% from the April 30th total of 501 shares. Based on an average daily volume of 2,349 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Kelly Services Stock Performance

Shares of NASDAQ:KELYB traded up $0.81 during midday trading on Wednesday, reaching $21.89. 1,609 shares of the company’s stock traded hands, compared to its average volume of 3,291. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 1.59. Kelly Services has a one year low of $8.38 and a one year high of $125.00. The company has a market cap of $758.90 million, a price-to-earnings ratio of -2.88 and a beta of 0.81. The stock has a 50 day moving average of $15.91 and a 200 day moving average of $13.40.

Kelly Services (NASDAQ:KELYB) last released its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, May 18th. Kelly Services’s dividend payout ratio is presently -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 research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Kelly Services Company Profile

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.