Short Interest in Koninklijke KPN (OTCMKTS:KKPNF) Rises By 96.7%

Koninklijke KPN (OTCMKTS:KKPNF) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 4,316,000 shares, an increase of 96.7% from the February 28th total of 2,194,200 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 88,200 shares, the short-interest ratio is presently 48.9 days.

Koninklijke KPN Price Performance

Shares of OTCMKTS KKPNF traded up $0.03 during mid-day trading on Friday, reaching $4.22. The company had a trading volume of 22,875 shares, compared to its average volume of 20,906. The firm has a market cap of $16.41 billion, a price-to-earnings ratio of 21.10 and a beta of 0.31. The business’s 50-day simple moving average is $3.85 and its 200 day simple moving average is $3.86. Koninklijke KPN has a one year low of $3.48 and a one year high of $4.35. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.68 and a current ratio of 0.70.

Koninklijke KPN (OTCMKTS:KKPNF) last released its earnings results on Thursday, January 30th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Koninklijke KPN had a net margin of 15.04% and a return on equity of 23.41%. On average, research analysts predict that Koninklijke KPN will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KKPNF. Barclays lowered Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Sanford C. Bernstein cut shares of Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 23rd.

About Koninklijke KPN

Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. It operates through Consumer; Business; Wholesale; and Network, Operations & IT segments. The company offers fixed and mobile telephony, fixed and mobile broadband internet, and television services to retail and business consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties.