KT Corporation (NYSE:KT) Short Interest Down 23.0% in February

KT Corporation (NYSE:KT) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 3,311,463 shares, a decline of 23.0% from the January 29th total of 4,299,117 shares. Based on an average daily volume of 1,857,426 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily volume of 1,857,426 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Trading of KT

Several institutional investors and hedge funds have recently added to or reduced their stakes in KT. Lazard Asset Management LLC raised its stake in shares of KT by 1.2% during the second quarter. Lazard Asset Management LLC now owns 3,250,513 shares of the technology company’s stock worth $67,545,000 after purchasing an additional 37,744 shares during the last quarter. Millennium Management LLC boosted its position in shares of KT by 4,148.2% in the 1st quarter. Millennium Management LLC now owns 530,817 shares of the technology company’s stock worth $9,401,000 after buying an additional 518,322 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of KT by 39.8% in the third quarter. Natixis Advisors LLC now owns 280,713 shares of the technology company’s stock valued at $5,474,000 after purchasing an additional 79,891 shares in the last quarter. Jane Street Group LLC increased its stake in shares of KT by 107.9% during the 1st quarter. Jane Street Group LLC now owns 242,212 shares of the technology company’s stock worth $4,290,000 after purchasing an additional 125,702 shares in the last quarter. Finally, DGS Capital Management LLC raised its position in shares of KT by 1.4% during the 4th quarter. DGS Capital Management LLC now owns 175,178 shares of the technology company’s stock worth $3,323,000 after purchasing an additional 2,400 shares during the last quarter. 18.86% of the stock is owned by hedge funds and other institutional investors.

KT Price Performance

Shares of NYSE:KT opened at $23.35 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.20. The company’s 50 day moving average is $20.84 and its two-hundred day moving average is $19.75. KT has a 52 week low of $16.25 and a 52 week high of $24.58.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of KT from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of KT in a research report on Monday, December 29th. Finally, Wall Street Zen lowered KT from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 28th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, KT currently has a consensus rating of “Hold”.

About KT

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.