Kirkland’s, Inc. (NASDAQ:KIRK) Short Interest Down 7.9% in March

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 676,000 shares, a decrease of 7.9% from the March 15th total of 734,300 shares. Based on an average daily trading volume, of 145,900 shares, the days-to-cover ratio is currently 4.6 days. Approximately 5.9% of the shares of the stock are short sold.

Kirkland’s Stock Down 5.5 %

NASDAQ KIRK opened at $2.05 on Wednesday. The business has a fifty day moving average price of $2.56 and a 200 day moving average price of $2.47. Kirkland’s has a one year low of $1.40 and a one year high of $3.88. The company has a debt-to-equity ratio of 10.88, a current ratio of 0.78 and a quick ratio of 0.10.

Kirkland’s (NASDAQ:KIRK) last posted its quarterly earnings data on Thursday, March 21st. The specialty retailer reported $0.78 EPS for the quarter. Kirkland’s had a negative return on equity of 870.01% and a negative net margin of 5.92%. The firm had revenue of $165.95 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KIRK. American Century Companies Inc. raised its stake in Kirkland’s by 27.7% in the 1st quarter. American Century Companies Inc. now owns 76,138 shares of the specialty retailer’s stock valued at $707,000 after purchasing an additional 16,502 shares during the last quarter. Federated Hermes Inc. grew its holdings in Kirkland’s by 121.2% in the 1st quarter. Federated Hermes Inc. now owns 73,595 shares of the specialty retailer’s stock valued at $684,000 after buying an additional 40,326 shares in the last quarter. DCF Advisers LLC purchased a new stake in Kirkland’s in the 1st quarter valued at $224,000. Arrowstreet Capital Limited Partnership purchased a new stake in Kirkland’s in the 1st quarter valued at $673,000. Finally, Invesco Ltd. grew its holdings in Kirkland’s by 122.7% in the 1st quarter. Invesco Ltd. now owns 57,925 shares of the specialty retailer’s stock valued at $539,000 after buying an additional 31,918 shares in the last quarter. 15.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Kirkland’s from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd.

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.