Short Interest in Koninklijke KPN (OTCMKTS:KKPNF) Rises By 96.7%

Koninklijke KPN (OTCMKTS:KKPNF) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,316,000 shares, a growth of 96.7% from the February 28th total of 2,194,200 shares. Based on an average trading volume of 88,200 shares, the short-interest ratio is presently 48.9 days. Currently, 0.1% of the shares of the company are short sold.

Koninklijke KPN Stock Performance

Shares of KKPNF stock traded up $0.03 on Friday, hitting $4.22. The company’s stock had a trading volume of 22,875 shares, compared to its average volume of 20,906. Koninklijke KPN has a fifty-two week low of $3.48 and a fifty-two week high of $4.35. The company has a market capitalization of $16.41 billion, a PE ratio of 21.10 and a beta of 0.31. The stock’s 50 day moving average is $3.85 and its 200-day moving average is $3.86. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.68 and a current ratio of 0.70.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Koninklijke KPN had a net margin of 15.04% and a return on equity of 23.41%. Equities research analysts expect that Koninklijke KPN will post 0.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KKPNF shares. Barclays downgraded Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein lowered Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 23rd.

About Koninklijke KPN

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.