Kirkland’s, Inc. (NASDAQ:KIRK) Sees Large Growth in Short Interest

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

Hedge Funds Weigh In On Kirkland’s

Institutional investors and hedge funds have recently made changes to their positions in the business. Wolverine Trading LLC purchased a new stake in Kirkland’s during the third quarter valued at about $26,000. Dupree Financial Group LLC increased its holdings 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 worth $69,000 after buying an additional 7,000 shares during the period. Finally, 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 valued at $290,000 after acquiring an additional 9,431 shares during the last quarter. Institutional investors own 15.38% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kirkland’s Price Performance

KIRK stock opened at $1.57 on Friday. Kirkland’s has a one year low of $1.39 and a one year high of $3.30. The company’s 50 day moving average price is $1.70 and its two-hundred day moving average price is $1.73.

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.