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

Koninklijke KPN (OTCMKTS:KKPNF) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 2,932,100 shares, a growth of 29.0% from the January 15th total of 2,272,700 shares. Based on an average daily trading volume, of 32,800 shares, the days-to-cover ratio is presently 89.4 days.

Koninklijke KPN Stock Performance

OTCMKTS:KKPNF traded down $0.03 during trading on Friday, reaching $3.66. The company’s stock had a trading volume of 12,092 shares, compared to its average volume of 16,411. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 18.30 and a beta of 0.38. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.68 and a current ratio of 0.70. The firm has a 50 day moving average of $3.66 and a 200-day moving average of $3.87. Koninklijke KPN has a 12 month low of $3.46 and a 12 month high of $4.32.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. Koninklijke KPN had a return on equity of 23.41% and a net margin of 15.04%. Research analysts expect that Koninklijke KPN will post 0.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KKPNF has been the subject of several recent research reports. Sanford C. Bernstein downgraded Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 23rd. Barclays downgraded Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th.

Koninklijke KPN Company Profile

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.