Koninklijke KPN (OTCMKTS:KKPNF) Short Interest Up 96.7% in March

Koninklijke KPN (OTCMKTS:KKPNF) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,316,000 shares, an increase of 96.7% from the February 28th total of 2,194,200 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 88,200 shares, the days-to-cover ratio is currently 48.9 days.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays downgraded shares of Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Sanford C. Bernstein downgraded Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 23rd.

Koninklijke KPN Trading Up 0.7 %

Koninklijke KPN stock traded up $0.03 during mid-day trading on Friday, hitting $4.22. The stock had a trading volume of 22,875 shares, compared to its average volume of 20,906. The stock has a 50-day simple moving average of $3.85 and a two-hundred day simple moving average of $3.86. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $16.41 billion, a PE ratio of 21.10 and a beta of 0.31. Koninklijke KPN has a 12 month low of $3.48 and a 12 month high of $4.35.

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, meeting the consensus estimate of $0.05. Koninklijke KPN had a net margin of 15.04% and a return on equity of 23.41%. As a group, sell-side analysts forecast that Koninklijke KPN will post 0.26 EPS for the current year.

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.