KT Corporation (NYSE:KT) Short Interest Up 18.8% in March

KT Corporation (NYSE:KT) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 4,413,883 shares, an increase of 18.8% from the February 26th total of 3,715,954 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average trading volume of 2,102,635 shares, the short-interest ratio is currently 2.1 days.

Institutional Trading of KT

Several institutional investors have recently added to or reduced their stakes in KT. Triumph Capital Management acquired a new position in shares of KT during the third quarter worth approximately $47,000. Quantbot Technologies LP bought a new stake in shares of KT during the third quarter valued at about $81,000. Westpac Banking Corp bought a new stake in shares of KT during the fourth quarter valued at about $157,000. SG Americas Securities LLC acquired a new stake in KT in the fourth quarter worth about $163,000. Finally, Arkadios Wealth Advisors bought a new position in KT in the 3rd quarter valued at about $198,000. Institutional investors own 18.86% of the company’s stock.

KT Stock Up 2.0%

KT traded up $0.44 on Wednesday, reaching $21.89. The company’s stock had a trading volume of 620,540 shares, compared to its average volume of 1,875,546. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.20. KT has a 1 year low of $16.25 and a 1 year high of $24.58. The business’s 50 day moving average is $22.10 and its 200 day moving average is $20.00. The stock has a market cap of $10.55 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 0.19 and a beta of 0.62.

KT (NYSE:KT) last released its earnings results on Tuesday, February 10th. The technology company reported $0.63 EPS for the quarter. The company had revenue of $4.74 billion during the quarter. KT had a return on equity of 5.20% and a net margin of 3.41%. As a group, research analysts forecast that KT will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Weiss Ratings upgraded KT from a “hold (c+)” rating to a “buy (b)” rating in a report on Tuesday, March 17th. Wall Street Zen downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Finally, Zacks Research upgraded KT from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

KT Company Profile

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company’s services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea’s first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.