Howden Joinery Group Plc (OTCMKTS:HWDJF) Sees Large Increase in Short Interest

Howden Joinery Group Plc (OTCMKTS:HWDJF) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 378,868 shares, a growth of 52.8% from the January 29th total of 247,999 shares. Based on an average daily volume of 63,131 shares, the days-to-cover ratio is currently 6.0 days. Based on an average daily volume of 63,131 shares, the days-to-cover ratio is currently 6.0 days.

Analyst Upgrades and Downgrades

Separately, Barclays reaffirmed an “overweight” rating on shares of Howden Joinery Group in a report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Howden Joinery Group Price Performance

HWDJF stock opened at $12.18 on Friday. Howden Joinery Group has a one year low of $8.71 and a one year high of $12.40. The company’s 50 day moving average price is $11.52 and its two-hundred day moving average price is $11.31.

Howden Joinery Group Company Profile

Howden Joinery Group plc is a United Kingdom–based specialist manufacturer and distributor of kitchens and joinery products, serving primarily professional tradespeople. The company operates a trade-only, depot-based model that offers a range of kitchen cabinets, doors, worktops, hardware, and related components. Its integrated supply chain covers product design, manufacturing in owned facilities, and direct delivery to more than 800 depots across the UK, enabling rapid turnaround and cost control for its core customers.

Founded in the mid-1990s out of MFI’s kitchen division, the business underwent a management buyout in 2000 and was subsequently listed on the London Stock Exchange in 2006.