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

Koninklijke KPN (OTCMKTS:KKPNF) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 2,194,200 shares, a drop of 30.7% from the February 13th total of 3,165,100 shares. Based on an average daily volume of 46,200 shares, the short-interest ratio is presently 47.5 days. Approximately 0.1% of the company’s shares are sold short.

Koninklijke KPN Stock Down 2.0 %

OTCMKTS KKPNF traded down $0.08 during trading hours on Monday, reaching $4.07. 15,428 shares of the company’s stock traded hands, compared to its average volume of 22,887. Koninklijke KPN has a 52-week low of $3.48 and a 52-week high of $4.32. The firm has a market cap of $15.81 billion, a PE ratio of 20.33 and a beta of 0.31. The firm has a 50-day simple moving average of $3.75 and a 200 day simple moving average of $3.86. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.70 and a quick ratio of 0.68.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its earnings results on Thursday, January 30th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. Koninklijke KPN had a net margin of 15.04% and a return on equity of 23.41%. Sell-side analysts anticipate that Koninklijke KPN will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on KKPNF. Barclays cut shares of Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein cut shares of Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 23rd.

About Koninklijke KPN

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.