KT Co. (NYSE:KT) Short Interest Update

KT Co. (NYSE:KT) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,760,000 shares, a decrease of 6.9% from the March 15th total of 1,890,000 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 956,500 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KT. JPMorgan Chase & Co. lifted its position in KT by 57.3% during the first quarter. JPMorgan Chase & Co. now owns 520,833 shares of the technology company’s stock valued at $7,468,000 after purchasing an additional 189,661 shares during the period. Raymond James & Associates lifted its position in KT by 5.7% during the first quarter. Raymond James & Associates now owns 266,292 shares of the technology company’s stock valued at $3,819,000 after purchasing an additional 14,458 shares during the period. Bank of New York Mellon Corp lifted its position in KT by 27.1% during the first quarter. Bank of New York Mellon Corp now owns 211,336 shares of the technology company’s stock valued at $3,031,000 after purchasing an additional 45,023 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in KT by 19.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,689 shares of the technology company’s stock valued at $483,000 after purchasing an additional 5,510 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in KT by 259.9% during the first quarter. Allianz Asset Management GmbH now owns 427,668 shares of the technology company’s stock valued at $6,133,000 after purchasing an additional 308,849 shares during the period. Institutional investors own 18.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a report on Monday, April 8th.

KT Trading Down 1.6 %

NYSE:KT opened at $12.11 on Thursday. The company’s 50 day moving average price is $14.05 and its 200-day moving average price is $13.29. KT has a 52 week low of $11.04 and a 52 week high of $15.35. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 1.28 and a beta of 0.82.

KT (NYSE:KT) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.09 earnings per share for the quarter. The company had revenue of $5.08 billion for the quarter. KT had a net margin of 3.84% and a return on equity of 5.28%. On average, equities research analysts forecast that KT will post 1.9 earnings per share for the current fiscal year.

KT Company Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.