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

Koninklijke KPN (OTCMKTS:KKPNF) was the recipient of a large growth in short interest during the month of 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 short-interest ratio is presently 89.4 days.

Koninklijke KPN Price Performance

KKPNF traded down $0.03 during trading on Friday, reaching $3.66. 12,092 shares of the company were exchanged, compared to its average volume of 16,411. The company’s 50-day moving average is $3.66 and its two-hundred day moving average is $3.87. The company 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 quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 1.46. 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 earnings results on Thursday, January 30th. The company reported $0.05 earnings per share for the quarter, hitting 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 forecast that Koninklijke KPN will post 0.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on KKPNF shares. Barclays cut Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Sanford C. Bernstein cut Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 23rd.

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.