Short Interest in Koninklijke KPN NV (OTCMKTS:KKPNY) Declines By 46.0%

Koninklijke KPN NV (OTCMKTS:KKPNY) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 22,884 shares, a decline of 46.0% from the May 14th total of 42,344 shares. Based on an average daily volume of 452,090 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Koninklijke KPN Stock Performance

KKPNY stock traded down $0.03 during trading on Tuesday, hitting $4.97. The company had a trading volume of 21,285 shares, compared to its average volume of 482,048. The firm has a 50-day moving average price of $5.32 and a 200-day moving average price of $5.12. 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.