Short Interest in Koninklijke KPN (OTCMKTS:KKPNY) Drops By 71.7%

Koninklijke KPN (OTCMKTS:KKPNYGet Rating) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 17,400 shares, a drop of 71.7% from the April 30th total of 61,500 shares. Based on an average daily volume of 1,178,000 shares, the days-to-cover ratio is presently 0.0 days.

Separately, Barclays raised their price target on shares of Koninklijke KPN from €3.50 ($3.72) to €3.60 ($3.83) in a report on Tuesday, May 3rd. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Koninklijke KPN presently has an average rating of “Buy” and a consensus price target of $3.60.

Shares of KKPNY stock traded down $0.01 during trading hours on Friday, hitting $3.66. 187,912 shares of the company were exchanged, compared to its average volume of 983,082. Koninklijke KPN has a fifty-two week low of $2.84 and a fifty-two week high of $3.90. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.82 and a current ratio of 0.84. The company has a 50 day simple moving average of $3.56 and a two-hundred day simple moving average of $3.30.

The business also recently disclosed a dividend, which was paid on Friday, April 29th. Stockholders of record on Wednesday, April 20th were given a dividend of $0.0828 per share. This represents a dividend yield of 3.28%. The ex-dividend date of this dividend was Tuesday, April 19th.

Koninklijke KPN Company Profile (Get Rating)

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 consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties.

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