Kirkland’s, Inc. (NASDAQ:KIRK) Short Interest Up 10.6% in December

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,090,000 shares, an increase of 10.6% from the December 15th total of 985,300 shares. Currently, 9.1% of the company’s stock are sold short. Based on an average daily trading volume, of 178,700 shares, the days-to-cover ratio is currently 6.1 days.

Kirkland’s Trading Down 0.6 %

NASDAQ KIRK traded down $0.01 during trading on Friday, hitting $1.57. 41,678 shares of the company traded hands, compared to its average volume of 106,664. Kirkland’s has a 12 month low of $1.39 and a 12 month high of $3.30. The business has a fifty day simple moving average of $1.70 and a 200 day simple moving average of $1.73. The company has a market capitalization of $20.60 million, a P/E ratio of -0.98 and a beta of 2.46.

Institutional Investors Weigh In On Kirkland’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in KIRK. Wolverine Trading LLC acquired a new position in Kirkland’s during the third quarter valued at approximately $26,000. Dupree Financial Group LLC grew its position in shares of Kirkland’s by 28.3% in the third quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock valued at $69,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Kirkland’s by 7.7% in the third quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock worth $290,000 after purchasing an additional 9,431 shares during the period. 15.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “buy” rating and set a $7.00 price objective on shares of Kirkland’s in a research report on Wednesday, October 23rd.

About Kirkland’s

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, outdoor, and gifts.