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

Kelly Services, Inc. (NASDAQ:KELYB) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,467 shares, a growth of 106.3% from the June 30th total of 711 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 1,649 shares, the short-interest ratio is currently 0.9 days.

Wall Street Analyst Weigh In

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

Kelly Services Price Performance

Shares of NASDAQ KELYB opened at $21.38 on Friday. Kelly Services has a one year low of $8.38 and a one year high of $125.00. 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 firm has a fifty day moving average of $20.73 and a 200 day moving average of $17.06. The firm has a market cap of $741.11 million, a PE ratio of -2.81 and a beta of 0.81.

Kelly Services (NASDAQ:KELYB) last posted its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share 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 analyst estimates 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 company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.30 annualized dividend and a dividend yield of 1.4%. Kelly Services’s payout ratio is presently -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.