Howden Joinery Group Plc (OTCMKTS:HWDJF) Short Interest Up 52.8% in February

Howden Joinery Group Plc (OTCMKTS:HWDJF) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 378,868 shares, a growth of 52.8% from the January 29th total of 247,999 shares. Based on an average daily volume of 63,131 shares, the days-to-cover ratio is currently 6.0 days. Based on an average daily volume of 63,131 shares, the days-to-cover ratio is currently 6.0 days.

Howden Joinery Group Stock Performance

Shares of HWDJF stock opened at $12.18 on Friday. The firm’s 50 day moving average is $11.52 and its 200 day moving average is $11.31. Howden Joinery Group has a 12 month low of $8.71 and a 12 month high of $12.40.

Analyst Upgrades and Downgrades

Separately, Barclays reissued an “overweight” rating on shares of Howden Joinery Group in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.