Koninklijke KPN NV (OTCMKTS:KKPNY) Sees Large Increase in Short Interest

Koninklijke KPN NV (OTCMKTS:KKPNY) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 42,344 shares, a growth of 259.4% from the April 30th total of 11,783 shares. Based on an average daily volume of 671,397 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Koninklijke KPN Stock Down 0.6%

Shares of Koninklijke KPN stock traded down $0.03 on Friday, hitting $5.17. The stock had a trading volume of 214,185 shares, compared to its average volume of 279,566. Koninklijke KPN has a 52-week low of $4.36 and a 52-week high of $5.72. The company’s 50 day moving average price is $5.41 and its 200 day moving average price is $5.08.

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.