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

by · The Markets Daily

Koninklijke KPN NV (OTCMKTS:KKPNF – Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 11,292,726 shares, a growth of 124.0% from the September 30th total of 5,041,039 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 119,035 shares, the short-interest ratio is presently 94.9 days.

Koninklijke KPN Stock Performance

OTCMKTS:KKPNF traded up $0.07 during mid-day trading on Friday, hitting $4.82. The stock had a trading volume of 7,712 shares, compared to its average volume of 53,531. Koninklijke KPN has a twelve month low of $4.18 and a twelve month high of $5.81. The stock has a market cap of $18.74 billion, a price-to-earnings ratio of 18.54 and a beta of 0.19. The company’s 50 day simple moving average is $4.62 and its 200 day simple moving average is $5.01. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.63 and a current ratio of 0.66.

Koninklijke KPN (OTCMKTS:KKPNF – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.32 billion. Koninklijke KPN had a return on equity of 26.34% and a net margin of 15.20%. On average, equities research analysts forecast that Koninklijke KPN will post 0.27 earnings per share for the current year.

About Koninklijke KPN

(Get Free Report)

Koninklijke KPN N.V. is a telecommunications company headquartered in the Netherlands. The company provides mobile and fixed-line communications services to consumers, businesses and public-sector organizations, primarily within the Dutch market.

KPN’s consumer offerings include mobile connectivity, broadband internet, fixed-line telephone services and television. The company also provides related digital services and operates communications networks that support voice, data and internet traffic.

Through its business activities, KPN serves small and medium-sized enterprises, large corporations and government customers with connectivity, workplace communications, cloud, cybersecurity and other information and communications technology solutions.

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