Koninklijke KPN (OTCMKTS:KKPNY) Sees Large Increase in Short Interest

Koninklijke KPN (OTCMKTS:KKPNY) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,494,500 shares, a growth of 386.8% from the March 31st total of 307,000 shares. Based on an average trading volume of 2,106,700 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the shares of the company are sold short.

Koninklijke KPN Stock Performance

OTCMKTS:KKPNY opened at $4.50 on Tuesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.70 and a quick ratio of 0.68. The stock has a 50-day simple moving average of $4.17 and a two-hundred day simple moving average of $3.90. Koninklijke KPN has a 52-week low of $3.40 and a 52-week high of $4.77.

Koninklijke KPN Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, May 5th. Shareholders of record on Wednesday, April 23rd will be given a $0.1063 dividend. This is a boost from Koninklijke KPN’s previous dividend of $0.06. The ex-dividend date is Wednesday, April 23rd.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised Koninklijke KPN to a “hold” rating in a report on Wednesday, April 9th.

About Koninklijke KPN

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.