KT Corporation (NYSE:KT) Short Interest Up 18.8% in March

KT Corporation (NYSE:KTGet Free Report) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 4,413,883 shares, an increase of 18.8% from the February 26th total of 3,715,954 shares. Based on an average daily volume of 2,102,635 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.9% of the shares of the stock are short sold.

Key Stories Impacting KT

Here are the key news stories impacting KT this week:

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KT shares. Wall Street Zen cut shares of KT from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Zacks Research upgraded shares of KT from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, Weiss Ratings raised shares of KT from a “hold (c+)” rating to a “buy (b)” rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

View Our Latest Research Report on KT

KT Price Performance

KT stock opened at $21.90 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $22.15 and a 200 day moving average price of $20.01. KT has a 12-month low of $16.25 and a 12-month high of $24.58. The stock has a market cap of $10.56 billion, a P/E ratio of 15.64, a PEG ratio of 0.19 and a beta of 0.64.

KT (NYSE:KTGet Free Report) last posted its earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share for the quarter. The company had revenue of $4.74 billion for the quarter. KT had a net margin of 3.41% and a return on equity of 5.20%. Sell-side analysts anticipate that KT will post 0.73 earnings per share for the current year.

Institutional Investors Weigh In On KT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in shares of KT by 7.7% in the 3rd quarter. GAMMA Investing LLC now owns 10,845 shares of the technology company’s stock valued at $211,000 after purchasing an additional 776 shares during the last quarter. Royal Bank of Canada increased its position in shares of KT by 1.1% during the 1st quarter. Royal Bank of Canada now owns 102,808 shares of the technology company’s stock worth $1,820,000 after purchasing an additional 1,078 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in KT by 10.1% in the 4th quarter. Farther Finance Advisors LLC now owns 12,826 shares of the technology company’s stock valued at $243,000 after buying an additional 1,172 shares during the period. Burns Matteson Capital Management LLC raised its holdings in KT by 20.2% in the 3rd quarter. Burns Matteson Capital Management LLC now owns 11,538 shares of the technology company’s stock valued at $225,000 after buying an additional 1,941 shares during the period. Finally, DGS Capital Management LLC lifted its position in KT by 1.4% in the fourth quarter. DGS Capital Management LLC now owns 175,178 shares of the technology company’s stock valued at $3,323,000 after buying an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 18.86% of the company’s stock.

KT Company Profile

(Get Free Report)

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company’s services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea’s first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.

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