Overdraft interest at Dunelm Group plc (OTCMKTS: DNLMY) rises by 800.0%

Dunelm Group plc (OTCMKTS: DNLMY – Get Free Report) was the target for significant short interest growth in June. As of June 30th, there were short interest totaling 900 shares, up 800.0% from the June 15th total of 100 shares. Based on average daily trading volume of 200 shares, the days-to-cover ratio is currently 4.5 days.

Wall Street analyst forecasts for growth

A number of analysts have issued reports on shares of DNLMY. Jefferies Financial Group upgraded Dunelm Group from an “underperforming” rating to a “hold” rating in a report on Sunday, March 19th. Berenberg Bank raised the target price on Dunelm Group from GBX 1,240 ($15.95) to GBX 1,330 ($17.11) in a report on Wednesday, May 3. Deutsche Bank Aktiengesellschaft kicked off coverage of Dunelm Group in a research note on Friday, April 28th. They assigned a “Buy” rating to the company. JPMorgan Chase & Co raised its price target on the Dunelm range from GBX 1150 ($14.79) to GBX 1190 ($15.31) in a research note on Wednesday, June 28th. Finally, Royal Bank of Canada downgraded Dunelim Group from a “sector performer” rating to a “underperformer” rating in a research report on Tuesday, July 4th.

Dunelm Group stock performance

DNLMY shares were trading up $1.28 during the trading hours on Friday, to reach $14.32. The share traded in 1,500 shares, compared to an average volume of 179. The company has a trading ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 1.18. The company’s 50-day simple moving average is $14.22 and the 200-day simple moving average is $13.62. Denlem Group has a 12-month low of $7.87 and a 12-month high of $14.90.

About Dunlam Group

(Get a free report)

Dunelm Group plc is a home appliances retailer based in the United Kingdom. The company offers furniture and bed products, which include bedroom, living room, dining room, and other furniture, in addition to bed and mattress, sofas and chairs; bedding products consisting of bed linen, dorma, baby and children’s bedding, duvets, pillows, and protectors; Curtains and carpets are venetian, roller, roman, vertical, and made-to-measure blinds.

Further reading

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