KT Corporation (NYSE:KT) Short Interest Up 19.9% in December

KT Corporation (NYSE:KT) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 4,619,481 shares, a growth of 19.9% from the December 15th total of 3,851,633 shares. Based on an average trading volume of 1,399,410 shares, the short-interest ratio is presently 3.3 days. Based on an average trading volume of 1,399,410 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KT. Wall Street Zen downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of KT in a research note on Monday, December 29th. Finally, Zacks Research raised shares of KT from a “strong sell” rating to a “hold” rating in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Lazard Asset Management LLC increased its holdings in shares of KT by 1.2% in the second quarter. Lazard Asset Management LLC now owns 3,250,513 shares of the technology company’s stock worth $67,545,000 after purchasing an additional 37,744 shares during the period. Millennium Management LLC boosted its stake in KT by 4,148.2% during the first quarter. Millennium Management LLC now owns 530,817 shares of the technology company’s stock valued at $9,401,000 after buying an additional 518,322 shares during the period. Natixis Advisors LLC grew its position in KT by 39.8% during the third quarter. Natixis Advisors LLC now owns 280,713 shares of the technology company’s stock worth $5,474,000 after buying an additional 79,891 shares in the last quarter. Jane Street Group LLC increased its stake in KT by 107.9% in the 1st quarter. Jane Street Group LLC now owns 242,212 shares of the technology company’s stock worth $4,290,000 after acquiring an additional 125,702 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of KT by 1.1% in the 1st quarter. Royal Bank of Canada now owns 102,808 shares of the technology company’s stock valued at $1,820,000 after acquiring an additional 1,078 shares in the last quarter. 18.86% of the stock is owned by institutional investors.

KT Price Performance

Shares of KT stock traded up $0.19 on Monday, reaching $19.48. The stock had a trading volume of 1,401,018 shares, compared to its average volume of 1,320,345. The business’s 50 day moving average is $18.65 and its two-hundred day moving average is $19.45. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. KT has a 1 year low of $16.25 and a 1 year high of $21.61. The company has a market cap of $10.05 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 0.17 and a beta of 0.65.

KT Company Profile

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company’s services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea’s first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.