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

Koninklijke KPN NV (OTCMKTS:KKPNY) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 820,938 shares, a growth of 115.3% from the June 30th total of 381,271 shares. Based on an average daily volume of 1,331,937 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

Koninklijke KPN Stock Performance

Shares of OTCMKTS:KKPNY traded up $0.04 on Tuesday, reaching $4.88. 489,362 shares of the company’s stock were exchanged, compared to its average volume of 520,008. The company has a fifty day moving average of $5.02 and a 200-day moving average of $5.19. Koninklijke KPN has a twelve month low of $4.36 and a twelve month high of $5.72. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.62 and a current ratio of 0.64.

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.