Kelly Services, Inc. (NASDAQ:KELYB) Stock Short Interest Climbs 156.4%

Kelly Services, Inc. (NASDAQ:KELYB) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 1,223 shares, a growth of 156.4% from the September 30th total of 477 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 1,233 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Kelly Services from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, October 16th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Kelly Services has an average rating of “Hold”.

Kelly Services Stock Down 3.9%

Shares of NASDAQ:KELYB opened at $27.40 on Friday. The company has a market capitalization of $951.60 million, a PE ratio of 38.51 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 1.50. The business has a fifty day moving average price of $23.20 and a two-hundred day moving average price of $18.98. Kelly Services has a 1 year low of $8.38 and a 1 year high of $125.00.

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

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a $0.0750 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.30 annualized dividend and a yield of 1.1%. Kelly Services’s dividend payout ratio is presently -3.84%.

Kelly Services Company Profile

Kelly Services, Inc (NASDAQ: KELYB) is a workforce solutions and staffing company that connects employers with talent across a range of industries and skill levels. Its services include temporary and contract staffing, direct-hire and permanent placement, recruitment process outsourcing, and workforce management solutions.

The company serves organizations through specialized offerings for professional and technical roles, science and engineering, education, office and administrative functions, industrial positions, and other workforce categories.