KT Co. (NYSE:KT) Short Interest Down 7.5% in January

KT Co. (NYSE:KT) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 4,460,000 shares, a decrease of 7.5% from the January 15th total of 4,820,000 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 1,830,000 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Trading of KT

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning boosted its stake in shares of KT by 46.4% in the 3rd quarter. Creative Planning now owns 199,748 shares of the technology company’s stock valued at $3,072,000 after purchasing an additional 63,338 shares in the last quarter. Bleakley Financial Group LLC boosted its position in KT by 5.6% during the third quarter. Bleakley Financial Group LLC now owns 28,171 shares of the technology company’s stock valued at $433,000 after buying an additional 1,487 shares during the period. Blue Trust Inc. grew its stake in shares of KT by 117.0% during the third quarter. Blue Trust Inc. now owns 55,834 shares of the technology company’s stock valued at $859,000 after buying an additional 30,106 shares during the last quarter. Signaturefd LLC increased its holdings in shares of KT by 11.8% in the third quarter. Signaturefd LLC now owns 21,044 shares of the technology company’s stock worth $324,000 after buying an additional 2,226 shares during the period. Finally, Private Advisor Group LLC bought a new stake in shares of KT in the 3rd quarter valued at about $164,000. Hedge funds and other institutional investors own 18.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded KT from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 12th.

KT Stock Performance

KT stock opened at $17.29 on Wednesday. KT has a fifty-two week low of $12.10 and a fifty-two week high of $18.45. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The stock has a market cap of $8.91 billion, a P/E ratio of 9.71, a price-to-earnings-growth ratio of 0.36 and a beta of 0.95. The firm’s fifty day moving average price is $16.49 and its 200-day moving average price is $15.81.

KT (NYSE:KT) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. On average, equities research analysts expect that KT will post 0.73 earnings per share for the current fiscal year.

About KT

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.