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

Kirkland’s, Inc. (NASDAQ:KIRK) saw 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 company are short sold.

Analyst Ratings Changes

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

Kirkland’s Trading Down 7.3 %

Shares of Kirkland’s stock opened at $2.17 on Tuesday. The firm has a market capitalization of $28.06 million, a PE ratio of -1.00 and a beta of 2.20. The firm’s 50-day moving average price is $2.58 and its 200 day moving average price is $2.47. Kirkland’s has a twelve month low of $1.40 and a twelve month high of $3.88. The company has a current ratio of 0.78, a quick ratio of 0.10 and a debt-to-equity ratio of 10.88.

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

Institutional Investors Weigh In On Kirkland’s

Large investors have recently modified their holdings of the company. UBS Group AG lifted its holdings in shares of Kirkland’s by 717.0% in the 4th quarter. UBS Group AG now owns 7,696 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 6,754 shares during the period. Bank of America Corp DE boosted its holdings in Kirkland’s by 75,575.0% in the first quarter. Bank of America Corp DE now owns 9,081 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 9,069 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in Kirkland’s during the third quarter valued at approximately $31,000. Mercer Global Advisors Inc. ADV purchased a new stake in Kirkland’s during the 3rd quarter worth $32,000. Finally, Quantbot Technologies LP boosted its position in Kirkland’s by 36.5% in the 2nd quarter. Quantbot Technologies LP now owns 9,999 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 2,672 shares during the last quarter. 15.38% of the stock is owned by institutional investors and hedge funds.

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.