Kirkland’s, Inc. (NASDAQ:KIRK) Short Interest Up 8.4% in July

Kirkland’s, Inc. (NASDAQ:KIRK) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 863,200 shares, a growth of 8.4% from the June 30th total of 796,000 shares. Currently, 7.6% of the company’s shares are sold short. Based on an average daily trading volume, of 160,200 shares, the days-to-cover ratio is presently 5.4 days.

Wall Street Analysts Forecast Growth

KIRK has been the topic of a number of recent research reports. Benchmark reaffirmed a “buy” rating and set a $7.00 price objective on shares of Kirkland’s in a research note on Friday, June 7th. StockNews.com cut Kirkland’s from a “hold” rating to a “sell” rating in a research note on Friday, June 7th.

Kirkland’s Stock Performance

Shares of NASDAQ KIRK remained flat at $1.79 during trading hours on Tuesday. The company had a trading volume of 42,057 shares, compared to its average volume of 148,493. The stock has a 50 day moving average price of $1.83 and a 200-day moving average price of $2.24. Kirkland’s has a 12 month low of $1.40 and a 12 month high of $3.88. The stock has a market capitalization of $23.34 million, a PE ratio of -0.94 and a beta of 2.39. The company has a debt-to-equity ratio of 10.88, a quick ratio of 0.10 and a current ratio of 0.85.

Kirkland’s (NASDAQ:KIRK) last announced its quarterly earnings data on Thursday, June 6th. The specialty retailer reported ($0.68) earnings per share for the quarter. Kirkland’s had a negative return on equity of 870.01% and a negative net margin of 5.28%. The firm had revenue of $91.75 million during the quarter.

Hedge Funds Weigh In On Kirkland’s

Hedge funds have recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new stake in Kirkland’s during the 4th quarter valued at $42,000. Dupree Financial Group LLC bought a new stake in shares of Kirkland’s during the 1st quarter valued at $175,000. Finally, PEAK6 Investments LLC bought a new stake in shares of Kirkland’s during the 1st quarter valued at $564,000. 15.38% of the stock is currently owned by hedge funds and other institutional investors.

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.