Short Interest in Koninklijke KPN NV (OTCMKTS:KKPNY) Drops By 46.0%

Koninklijke KPN NV (OTCMKTS:KKPNY) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 22,884 shares, a decline of 46.0% from the May 14th total of 42,344 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 452,090 shares, the short-interest ratio is currently 0.1 days.

Koninklijke KPN Stock Performance

Shares of KKPNY traded down $0.12 on Monday, reaching $5.00. 283,550 shares of the stock traded hands, compared to its average volume of 303,532. Koninklijke KPN has a 12 month low of $4.36 and a 12 month high of $5.72. The stock’s 50-day moving average price is $5.32 and its 200-day moving average price is $5.12.

About Koninklijke KPN

Koninklijke KPN N.V. (KPN) is a Dutch telecommunications and information-communications-technology (ICT) company that provides a broad range of connectivity and digital services. Its core activities include fixed-line and mobile telephony, broadband internet, and television services for residential customers, alongside managed network, cloud, security and unified communications solutions for business and public-sector clients. KPN operates and maintains network infrastructure such as fiber and mobile networks, data centers, and platforms for Internet of Things (IoT) and cybersecurity services.

The company’s primary market is the Netherlands, where it serves households, small and medium-sized enterprises, large corporates and government organizations.