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

Koninklijke KPN NV (OTCMKTS:KKPNF) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 11,901,727 shares, a growth of 90.2% from the November 30th total of 6,257,362 shares. Based on an average trading volume of 62,375 shares, the days-to-cover ratio is presently 190.8 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 62,375 shares, the days-to-cover ratio is presently 190.8 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Koninklijke KPN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Koninklijke KPN has a consensus rating of “Moderate Buy”.

Koninklijke KPN Stock Performance

KKPNF stock traded up $0.09 during trading on Monday, reaching $4.69. 1,650 shares of the company’s stock were exchanged, compared to its average volume of 33,541. Koninklijke KPN has a 1-year low of $3.50 and a 1-year high of $5.10. The firm has a market cap of $18.22 billion, a PE ratio of 21.30 and a beta of 0.30. The company’s fifty day moving average price is $4.60 and its 200-day moving average price is $4.70. The company has a quick ratio of 0.70, a current ratio of 0.72 and a debt-to-equity ratio of 1.82.

Koninklijke KPN (OTCMKTS:KKPNF) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Koninklijke KPN had a return on equity of 23.72% and a net margin of 14.37%.The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $1.46 billion. On average, research analysts expect that Koninklijke KPN will post 0.26 EPS 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.