Kelly Services, Inc. (NASDAQ:KELYB) Short Interest Down 43.3% in August

Kelly Services, Inc. (NASDAQ:KELYB) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 548 shares, a decline of 43.3% from the August 15th total of 967 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 437 shares, the days-to-cover ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Kelly Services from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, September 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Kelly Services Price Performance

Shares of NASDAQ:KELYB traded up $0.11 during trading on Wednesday, reaching $22.30. The company had a trading volume of 6,852 shares, compared to its average volume of 2,781. The company has a fifty day moving average of $22.85 and a two-hundred day moving average of $18.92. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $774.48 million, a P/E ratio of -2.86 and a beta of 0.85. Kelly Services has a 12 month low of $8.38 and a 12 month high of $125.00.

Kelly Services (NASDAQ:KELYB) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion.

Kelly Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, August 19th. Kelly Services’s dividend payout ratio (DPR) is presently -3.84%.

About Kelly Services

Kelly Services, Inc is a workforce solutions and staffing company that connects employers with workers across a range of industries and skill levels. The company provides temporary, contract, temp-to-hire and direct-hire staffing, along with workforce management and outsourcing services.

Its business serves several specialized markets, including education, science and engineering, professional and industrial staffing, and office and administrative support. Kelly also offers recruiting, talent management, payroll and compliance support, and other services designed to help organizations manage contingent and permanent workforces.

Founded in Detroit in 1946 by William Russell Kelly, the company is recognized as one of the pioneers of the temporary staffing industry.