Kyndryl Holdings, Inc. (NYSE:KD) Short Interest Up 10.3% in September

Kyndryl Holdings, Inc. (NYSE:KD - Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 9,780,000 shares, a growth of 10.3% from the September 15th total of 8,870,000 shares. Approximately 4.3% of the shares of the company are short sold. Based on an average daily volume of 1,600,000 shares, the short-interest ratio is presently 6.1 days.

Analysts Set New Price Targets

Separately, Oppenheimer initiated coverage on shares of Kyndryl in a report on Thursday, June 27th. They set an "outperform" rating and a $33.00 target price on the stock. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $29.40.

Kyndryl Stock Performance

Shares of Kyndryl stock traded up $0.09 during trading on Tuesday, hitting $24.93. 1,218,013 shares of the stock were exchanged, compared to its average volume of 1,663,755. The stock's fifty day moving average is $23.28 and its 200 day moving average is $24.18. The stock has a market cap of $5.75 billion, a PE ratio of -16.70, a P/E/G ratio of 5.42 and a beta of 1.63. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.03 and a current ratio of 1.03. Kyndryl has a 12 month low of $13.87 and a 12 month high of $28.60.

Kyndryl (NYSE:KD - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.78 billion. Kyndryl had a negative net margin of 1.21% and a negative return on equity of 3.28%. As a group, sell-side analysts anticipate that Kyndryl will post 0.89 EPS for the current year.

Hedge Funds Weigh In On Kyndryl

Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in Kyndryl in the 1st quarter valued at about $26,000. ORG Wealth Partners LLC bought a new position in Kyndryl in the 3rd quarter valued at about $29,000. ORG Partners LLC grew its position in Kyndryl by 622.4% in the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company's stock valued at $31,000 after buying an additional 1,220 shares in the last quarter. Atlas Capital Advisors LLC bought a new position in Kyndryl in the 1st quarter valued at about $33,000. Finally, UMB Bank n.a. grew its position in Kyndryl by 44.2% in the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company's stock valued at $35,000 after buying an additional 462 shares in the last quarter. Institutional investors own 71.53% of the company's stock.

About Kyndryl

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.