Koninklijke KPN NV (OTCMKTS:KKPNF) Short Interest Down 36.9% in January

Koninklijke KPN NV (OTCMKTS:KKPNF) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 6,257,217 shares, a drop of 36.9% from the January 15th total of 9,913,345 shares. Based on an average daily trading volume, of 57,499 shares, the days-to-cover ratio is currently 108.8 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 57,499 shares, the days-to-cover ratio is currently 108.8 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Koninklijke KPN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Koninklijke KPN Price Performance

OTCMKTS KKPNF opened at $5.46 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.72 and a quick ratio of 0.70. The firm has a market capitalization of $21.23 billion, a price-to-earnings ratio of 22.75 and a beta of 0.28. The company has a 50 day simple moving average of $4.74 and a 200-day simple moving average of $4.70. Koninklijke KPN has a 52-week low of $3.55 and a 52-week high of $5.64.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Koninklijke KPN had a net margin of 14.72% and a return on equity of 24.84%. Equities research analysts predict that Koninklijke KPN will post 0.26 earnings per share for the current fiscal year.

About Koninklijke KPN

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.