Kyndryl Holdings, Inc. (NYSE:KD – Get Rating) was the target of strong short-term interest growth in June. As of June 15, there were short interests totaling 11,300,000 shares, a growth of 49.3% from the total of 7,570,000 shares as of May 31. Approximately 5.7% of the company’s shares are sold short. Based on an average trading volume of 2,550,000 shares, the short interest ratio is currently 4.4 days.
NYSE KD traded down $0.26 on Friday, hitting $10.04. 2,442,102 shares were traded, against an average volume of 2,371,394. Kyndryl has a 1-year low of $9.10 and a 1-year high of $52.00. The company’s 50-day simple moving average is $11.32 and its two-hundred-day simple moving average is $13.78. The company has a debt ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.27.
Kyndryl (NYSE:KD – Get Rating) last released its results on Wednesday, May 4. The company reported ($0.18) EPS for the quarter. The company posted revenue of $4.43 billion for the quarter. As a group, research analysts expect Kyndryl to post 0.05 earnings per share for the current year.
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In other Kyndryl news, Chief Financial Officer David B. Wyshner acquired 24,080 shares in a trade dated Thursday, May 12. The shares were purchased at an average price of $10.47 per share, for a total transaction of $252,117.60. Following the purchase, the CFO now directly owns 350,571 shares of the company, valued at $3,670,478.37. The acquisition was disclosed in a filing with the SEC, which is available at this link. Additionally, major shareholder Business Machine International sold 22,301,536 shares in a transaction that took place on Thursday, May 19. The stock was sold at an average price of $13.95, for a total transaction of $311,106,427.20. Following the completion of the transaction, the insider now owns 22,301,536 shares of the company, valued at approximately $311,106,427.20. The disclosure of this sale can be found here. Insiders acquired a total of 133,780 shares of the company worth $1,498,513 over the past 90 days. Insiders of the company own 0.23% of the shares of the company.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. WealthTrust Axiom LLC increased its stake in Kyndryl by 8.3% in Q1. WealthTrust Axiom LLC now owns 11,148 shares of the company worth $146,000 after acquiring an additional 851 shares during the period. Louisiana State Employees Retirement System increased its stake in Kyndryl by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 47,000 shares of the company valued at $588,000 after buying 900 additional shares last quarter. Duncker Streett & Co. Inc. acquired a new stake in Kyndryl during Q4 valued at approximately $27,000. Greenwich Wealth Management LLC increased its stake in Kyndryl by 13.4% in Q1. Greenwich Wealth Management LLC now owns 12,899 shares of the company valued at $169,000 after purchasing an additional 1,520 shares last quarter. Finally, JFS Wealth Advisors LLC acquired a new stake in Kyndryl during Q4 valued at approximately $28,000. Institutional investors hold 44.48% of the company’s shares.
Kyndryl Company Profile (Get an evaluation)
Kyndryl Holdings, Inc operates as a technology services company and provider of IT infrastructure services worldwide. The company offers cloud services; basic enterprise and cloud services; application, data and artificial intelligence services; digital workplace services; security and resilience services; and network services and edge services.
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