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

Koninklijke KPN NV (OTCMKTS:KKPNF) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 5,035,016 shares, a decline of 66.6% from the June 30th total of 15,072,614 shares. Based on an average daily volume of 26,595 shares, the days-to-cover ratio is currently 189.3 days. Currently, 0.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded shares of Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Koninklijke KPN Stock Performance

Shares of OTCMKTS:KKPNF traded up $0.13 during midday trading on Monday, reaching $4.95. The company had a trading volume of 3,601 shares, compared to its average volume of 59,076. Koninklijke KPN has a 1-year low of $4.25 and a 1-year high of $5.81. The firm has a market cap of $19.23 billion, a price-to-earnings ratio of 19.02 and a beta of 0.18. The company has a fifty day simple moving average of $5.01 and a two-hundred day simple moving average of $5.18.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.09%.The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Analysts expect that Koninklijke KPN will post 0.27 EPS for the current year.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. (Royal KPN) is a Dutch telecommunications and ICT services company headquartered in The Hague. The group traces its origins to the Dutch national postal and telecommunications service and evolved into a privatized commercial operator. KPN is primarily listed on Euronext Amsterdam and its American depositary receipts trade over the counter under the symbol KKPNF.

KPN’s core activities cover a full range of telecommunications and digital infrastructure services. For consumer markets it offers fixed-line and mobile voice services, broadband internet, television and bundled connectivity packages.