Koninklijke KPN NV (OTCMKTS:KKPNY) Short Interest Up 12,596.3% in June

Koninklijke KPN NV (OTCMKTS:KKPNY) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 381,271 shares, an increase of 12,596.3% from the June 15th total of 3,003 shares. Based on an average daily trading volume, of 1,671,001 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Koninklijke KPN Stock Performance

Koninklijke KPN stock traded up $0.03 during mid-day trading on Friday, hitting $4.89. 229,379 shares of the company were exchanged, compared to its average volume of 532,232. The business’s 50 day simple moving average is $5.11 and its two-hundred day simple moving average is $5.17. Koninklijke KPN has a 12-month low of $4.36 and a 12-month high of $5.72.

About Koninklijke KPN

Koninklijke KPN N.V. (KPN) is a Dutch telecommunications and information-communications-technology (ICT) company that provides a broad range of connectivity and digital services. Its core activities include fixed-line and mobile telephony, broadband internet, and television services for residential customers, alongside managed network, cloud, security and unified communications solutions for business and public-sector clients. KPN operates and maintains network infrastructure such as fiber and mobile networks, data centers, and platforms for Internet of Things (IoT) and cybersecurity services.

The company’s primary market is the Netherlands, where it serves households, small and medium-sized enterprises, large corporates and government organizations.