KT Co. (NYSE:KT) Short Interest Update

KT Co. (NYSE:KT) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 3,360,000 shares, a decrease of 18.2% from the March 15th total of 4,110,000 shares. Based on an average daily volume of 1,440,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.7% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KT. StockNews.com downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th. UBS Group started coverage on KT in a report on Wednesday, February 19th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group raised KT from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd.

KT Price Performance

Shares of KT stock traded up $0.07 during trading hours on Monday, reaching $18.08. The company’s stock had a trading volume of 665,415 shares, compared to its average volume of 1,099,203. The stock has a market cap of $9.32 billion, a P/E ratio of 10.16, a P/E/G ratio of 0.37 and a beta of 0.83. KT has a one year low of $12.39 and a one year high of $18.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. The firm has a 50 day moving average price of $17.56 and a 200-day moving average price of $16.68.

Hedge Funds Weigh In On KT

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its position in KT by 174.8% during the first quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,447 shares during the last quarter. R Squared Ltd purchased a new stake in KT in the 4th quarter worth about $36,000. Bruce G. Allen Investments LLC lifted its stake in KT by 143.2% in the first quarter. Bruce G. Allen Investments LLC now owns 2,371 shares of the technology company’s stock worth $42,000 after purchasing an additional 1,396 shares during the last quarter. Principal Securities Inc. grew its stake in shares of KT by 70.6% during the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock valued at $58,000 after buying an additional 1,544 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of KT by 80.7% in the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after buying an additional 2,902 shares during the period. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Company Profile

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.