Short Interest in Koninklijke KPN NV (OTCMKTS:KKPNF) Drops By 36.9%

Koninklijke KPN NV (OTCMKTS:KKPNF) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 6,257,217 shares, a decrease of 36.9% from the January 15th total of 9,913,345 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 57,499 shares, the days-to-cover ratio is presently 108.8 days. Based on an average daily volume of 57,499 shares, the days-to-cover ratio is presently 108.8 days. Approximately 0.2% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Koninklijke KPN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Koninklijke KPN has an average rating of “Buy”.

Koninklijke KPN Price Performance

Shares of KKPNF traded down $0.05 during trading hours on Friday, reaching $5.53. The company had a trading volume of 1,312 shares, compared to its average volume of 28,890. The company has a market capitalization of $21.49 billion, a price-to-earnings ratio of 23.02 and a beta of 0.28. Koninklijke KPN has a 12-month low of $3.55 and a 12-month high of $5.64. The firm has a 50 day simple moving average of $4.73 and a 200-day simple moving average of $4.70. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt-to-equity ratio of 1.82.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its earnings results on Wednesday, January 28th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Koninklijke KPN had a net margin of 14.72% and a return on equity of 24.84%. Research analysts expect that Koninklijke KPN will post 0.26 earnings per share for the current year.

About Koninklijke KPN

Koninklijke KPN N.V. (Royal KPN) is a Dutch telecommunications and ICT services company headquartered in The Hague. The group traces its origins to the Dutch national postal and telecommunications service and evolved into a privatized commercial operator. KPN is primarily listed on Euronext Amsterdam and its American depositary receipts trade over the counter under the symbol KKPNF.

KPN’s core activities cover a full range of telecommunications and digital infrastructure services. For consumer markets it offers fixed-line and mobile voice services, broadband internet, television and bundled connectivity packages.