Kelly Services, Inc. (NASDAQ:KELYB) Sees Large Growth in Short Interest

Kelly Services, Inc. (NASDAQ:KELYB) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 854 shares, an increase of 70.5% from the April 30th total of 501 shares. Based on an average trading volume of 2,349 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Kelly Services Stock Performance

NASDAQ KELYB traded up $0.81 on Wednesday, reaching $21.89. 1,609 shares of the stock were exchanged, compared to its average volume of 3,291. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.13. Kelly Services has a one year low of $8.38 and a one year high of $125.00. The firm has a market capitalization of $758.90 million, a PE ratio of -2.88 and a beta of 0.81. The company’s 50-day simple moving average is $15.91 and its two-hundred day simple moving average is $13.40.

Kelly Services (NASDAQ:KELYB) last announced its quarterly earnings data 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 firm had revenue of $1.04 billion during 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a yield of 1.4%. Kelly Services’s dividend payout ratio (DPR) is currently -3.95%.

Analyst Upgrades and Downgrades

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

About Kelly Services

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.