Kirkland’s, Inc. (NASDAQ:KIRK) Sees Large Drop in Short Interest

Kirkland’s, Inc. (NASDAQ:KIRK) saw a large decline in short interest in 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. Currently, 5.9% of the company’s shares are short sold. Based on an average daily volume of 145,900 shares, the days-to-cover ratio is presently 4.6 days.

Analyst Ratings Changes

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

Kirkland’s Stock Down 7.3 %

KIRK stock opened at $2.17 on Tuesday. The company has a market capitalization of $28.06 million, a price-to-earnings ratio of -1.00 and a beta of 2.20. The company has a debt-to-equity ratio of 10.88, a quick ratio of 0.10 and a current ratio of 0.78. The stock has a fifty day moving average of $2.58 and a 200-day moving average of $2.47. Kirkland’s has a fifty-two week low of $1.40 and a fifty-two week high of $3.88.

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

Hedge Funds Weigh In On Kirkland’s

A number of institutional investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new position in shares of Kirkland’s in the 4th quarter worth about $42,000. Mercer Global Advisors Inc. ADV purchased a new stake in Kirkland’s in the 3rd quarter worth $32,000. LPL Financial LLC grew its holdings in Kirkland’s by 89.6% during the 3rd quarter. LPL Financial LLC now owns 24,270 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 11,468 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in Kirkland’s during the third quarter valued at $31,000. Finally, Renaissance Technologies LLC grew its stake in Kirkland’s by 9.3% during the second quarter. Renaissance Technologies LLC now owns 97,300 shares of the specialty retailer’s stock valued at $271,000 after acquiring an additional 8,300 shares in the last quarter. Institutional investors own 15.38% of the company’s stock.

Kirkland’s Company Profile

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.