Koninklijke KPN NV (OTCMKTS:KKPNF) Short Interest Down 24.9% in December

Koninklijke KPN NV (OTCMKTS:KKPNF) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 8,942,603 shares, a decline of 24.9% from the December 15th total of 11,901,727 shares. Based on an average daily trading volume, of 734,178 shares, the days-to-cover ratio is currently 12.2 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 734,178 shares, the days-to-cover ratio is currently 12.2 days.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Koninklijke KPN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Koninklijke KPN has a consensus rating of “Moderate Buy”.

Koninklijke KPN Stock Down 2.0%

Shares of OTCMKTS:KKPNF opened at $4.32 on Monday. The company has a market capitalization of $16.80 billion, a price-to-earnings ratio of 19.64 and a beta of 0.28. The company has a 50 day moving average of $4.56 and a two-hundred day moving average of $4.67. Koninklijke KPN has a 52-week low of $3.50 and a 52-week high of $5.10. The company has a quick ratio of 0.70, a current ratio of 0.72 and a debt-to-equity ratio of 1.82.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its earnings results on Tuesday, October 28th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $1.46 billion. Koninklijke KPN had a return on equity of 23.72% and a net margin of 14.37%. As a group, analysts forecast that Koninklijke KPN will post 0.26 earnings per share for the current fiscal year.

About Koninklijke KPN

Koninklijke KPN N.V. (Royal KPN) is a Dutch telecommunications and ICT services company headquartered in The Hague. The group traces its origins to the Dutch national postal and telecommunications service and evolved into a privatized commercial operator. KPN is primarily listed on Euronext Amsterdam and its American depositary receipts trade over the counter under the symbol KKPNF.

KPN’s core activities cover a full range of telecommunications and digital infrastructure services. For consumer markets it offers fixed-line and mobile voice services, broadband internet, television and bundled connectivity packages.