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

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

Koninklijke KPN Stock Up 1.0%

Shares of KKPNY traded up $0.05 during midday trading on Friday, reaching $5.12. 202,578 shares of the stock were exchanged, compared to its average volume of 303,614. Koninklijke KPN has a twelve month low of $4.36 and a twelve month high of $5.72. The stock’s 50 day simple moving average is $5.33 and its 200 day simple moving average is $5.12.

Koninklijke KPN Company Profile

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.