Howden Joinery Group Plc (OTCMKTS:HWDJF) Short Interest Up 883.6% in May

Howden Joinery Group Plc (OTCMKTS:HWDJF) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 339,065 shares, an increase of 883.6% from the April 30th total of 34,471 shares. Based on an average daily trading volume, of 13,009 shares, the short-interest ratio is currently 26.1 days.

Analyst Upgrades and Downgrades

Separately, Barclays restated an “overweight” rating on shares of Howden Joinery Group in a report on Monday, February 23rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Howden Joinery Group Price Performance

Shares of OTCMKTS:HWDJF remained flat at $9.60 on Friday. Howden Joinery Group has a twelve month low of $9.60 and a twelve month high of $12.40. The business’s fifty day simple moving average is $10.52 and its 200 day simple moving average is $11.05.

Howden Joinery Group Company Profile

Howden Joinery Group plc is a United Kingdom–based specialist manufacturer and distributor of kitchens and joinery products, serving primarily professional tradespeople. The company operates a trade-only, depot-based model that offers a range of kitchen cabinets, doors, worktops, hardware, and related components. Its integrated supply chain covers product design, manufacturing in owned facilities, and direct delivery to more than 800 depots across the UK, enabling rapid turnaround and cost control for its core customers.

Founded in the mid-1990s out of MFI’s kitchen division, the business underwent a management buyout in 2000 and was subsequently listed on the London Stock Exchange in 2006.