Koninklijke KPN (OTCMKTS:KKPNF) Short Interest Down 30.7% in February

Koninklijke KPN (OTCMKTS:KKPNF) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 2,194,200 shares, a drop of 30.7% from the February 13th total of 3,165,100 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 46,200 shares, the days-to-cover ratio is currently 47.5 days.

Koninklijke KPN Stock Performance

Shares of OTCMKTS KKPNF opened at $4.07 on Tuesday. The stock has a market cap of $15.81 billion, a price-to-earnings ratio of 20.33 and a beta of 0.31. Koninklijke KPN has a 12 month low of $3.48 and a 12 month high of $4.32. The company has a 50 day simple moving average of $3.76 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.

Koninklijke KPN (OTCMKTS:KKPNF) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Koninklijke KPN had a return on equity of 23.41% and a net margin of 15.04%. As a group, analysts predict that Koninklijke KPN will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Sanford C. Bernstein cut Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Barclays downgraded Koninklijke KPN from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th.

Koninklijke KPN Company Profile

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.