Koninklijke KPN NV (OTCMKTS:KKPNF) Short Interest Up 90.2% in December

Koninklijke KPN NV (OTCMKTS:KKPNF) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 11,901,727 shares, an increase 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 shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 62,375 shares, the days-to-cover ratio is presently 190.8 days.

Koninklijke KPN Price Performance

Koninklijke KPN stock traded down $0.08 during mid-day trading on Friday, reaching $4.60. The company had a trading volume of 30,569 shares, compared to its average volume of 214,971. The business has a fifty day simple moving average of $4.60 and a 200 day simple moving average of $4.70. The company has a market cap of $17.87 billion, a P/E ratio of 20.89 and a beta of 0.30. Koninklijke KPN has a fifty-two week low of $3.50 and a fifty-two week high of $5.10. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt-to-equity ratio of 1.82.

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

Analysts Set New Price Targets

Separately, Zacks Research upgraded Koninklijke KPN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Koninklijke KPN Company Profile

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.