KT Co. (NYSE:KT) Short Interest Update

KT Co. (NYSE:KT) was the recipient of a significant 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 company are short sold. Based on an average daily trading volume, of 1,830,000 shares, the days-to-cover ratio is presently 2.4 days.

Wall Street Analysts Forecast Growth

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

Shares of KT traded up $0.19 during trading hours on Tuesday, hitting $17.29. The stock had a trading volume of 1,842,994 shares, compared to its average volume of 1,294,839. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 0.35 and a beta of 0.95. 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 firm has a 50-day moving average price of $16.49 and a 200 day moving average price of $15.81. KT has a fifty-two week low of $12.10 and a fifty-two week high of $18.45.

KT (NYSE:KT) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. As a group, research analysts anticipate that KT will post 0.88 EPS for the current year.

Hedge Funds Weigh In On KT

A number of hedge funds have recently bought and sold shares of KT. Wellington Management Group LLP raised its stake in shares of KT by 392.0% during the 4th quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company’s stock worth $153,913,000 after buying an additional 7,901,522 shares during the period. Capital International Investors acquired a new position in KT during the fourth quarter worth $135,833,000. Robeco Institutional Asset Management B.V. lifted its holdings in KT by 29.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company’s stock valued at $72,507,000 after purchasing an additional 1,063,736 shares in the last quarter. North of South Capital LLP grew its position in shares of KT by 2,407.3% in the fourth quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company’s stock valued at $65,458,000 after purchasing an additional 4,049,439 shares during the period. Finally, Ninety One UK Ltd purchased a new stake in shares of KT during the fourth quarter worth about $59,145,000. Hedge funds and other institutional investors own 18.86% of the company’s stock.

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.