Kelly Services, Inc. (NASDAQ:KELYB) Short Interest Update

Kelly Services, Inc. (NASDAQ:KELYB) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,375 shares, a decrease of 53.3% from the May 31st total of 2,947 shares. Based on an average daily trading volume, of 2,265 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Kelly Services Stock Up 2.4%

KELYB stock opened at $18.71 on Monday. Kelly Services has a one year low of $8.38 and a one year high of $125.00. The stock has a market capitalization of $648.68 million, a PE ratio of -2.46 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 1.59. The company has a fifty day moving average of $17.63 and a 200-day moving average of $14.72.

Kelly Services (NASDAQ:KELYB) last issued its earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were given a $0.075 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.30 annualized dividend and a dividend yield of 1.6%. Kelly Services’s payout ratio is currently -3.95%.

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.