Koninklijke Philips (NYSE:PHG) Short Interest Up 14.0% in January

Koninklijke Philips (NYSE:PHG) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 2,040,000 shares, an increase of 14.0% from the January 15th total of 1,790,000 shares. Based on an average daily volume of 578,600 shares, the days-to-cover ratio is currently 3.5 days.

Hedge Funds Weigh In On Koninklijke Philips

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Becker Capital Management Inc. boosted its stake in shares of Koninklijke Philips by 0.7% in the fourth quarter. Becker Capital Management Inc. now owns 945,542 shares of the technology company’s stock valued at $23,941,000 after buying an additional 6,475 shares in the last quarter. Northern Trust Corp boosted its position in shares of Koninklijke Philips by 36.6% during the 4th quarter. Northern Trust Corp now owns 1,608,749 shares of the technology company’s stock worth $40,734,000 after purchasing an additional 430,757 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Koninklijke Philips during the 4th quarter worth $3,039,000. Dimensional Fund Advisors LP increased its holdings in shares of Koninklijke Philips by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,290,051 shares of the technology company’s stock valued at $108,624,000 after purchasing an additional 85,994 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Koninklijke Philips by 58.4% in the fourth quarter. First Trust Advisors LP now owns 184,573 shares of the technology company’s stock valued at $4,673,000 after purchasing an additional 68,071 shares during the period. Institutional investors and hedge funds own 13.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th. StockNews.com downgraded Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Koninklijke Philips Stock Performance

Shares of Koninklijke Philips stock traded down $0.45 on Friday, reaching $28.16. 924,000 shares of the stock were exchanged, compared to its average volume of 602,377. The firm has a market capitalization of $26.47 billion, a PE ratio of -67.04, a PEG ratio of 0.90 and a beta of 0.77. Koninklijke Philips has a 1-year low of $19.55 and a 1-year high of $32.91. The business has a fifty day moving average price of $26.21 and a two-hundred day moving average price of $28.20. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60.

About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.