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

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. Based on an average daily volume of 178,700 shares, the short-interest ratio is presently 6.1 days. Currently, 9.1% of the company’s stock are short sold.

Kirkland’s Trading Down 0.6 %

Shares of KIRK opened at $1.57 on Monday. The firm has a fifty day simple moving average of $1.70 and a two-hundred day simple moving average of $1.73. The firm has a market cap of $20.60 million, a PE ratio of -0.98 and a beta of 2.46. Kirkland’s has a 1-year low of $1.39 and a 1-year high of $3.30.

Institutional Trading of Kirkland’s

Hedge funds have recently bought and sold shares of the company. Dupree Financial Group LLC boosted its position in Kirkland’s by 28.3% in the third quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock worth $69,000 after purchasing an additional 7,000 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Kirkland’s by 7.7% in the 3rd 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. Finally, Wolverine Trading LLC purchased a new position in shares of Kirkland’s in the third quarter worth approximately $26,000. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and issued a $7.00 price target on shares of Kirkland’s in a research note on Wednesday, October 23rd.

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, outdoor, and gifts.