Koninklijke KPN NV (OTCMKTS:KKPNF) Stock Short Interest Jumps 124.0%

Koninklijke KPN NV (OTCMKTS:KKPNF) was the target of a large growth in short interest in 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 company’s stock are short sold. Based on an average trading volume of 119,035 shares, the days-to-cover ratio is currently 94.9 days.

Koninklijke KPN Stock Up 1.5%

KKPNF traded up $0.07 during trading on Friday, hitting $4.82. 7,712 shares of the company’s stock traded hands, compared to its average volume of 53,531. The stock has a market capitalization 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 two-hundred day simple moving average is $5.01. Koninklijke KPN has a 12-month low of $4.18 and a 12-month high of $5.81. The company has a current ratio of 0.66, a quick ratio of 0.63 and a debt-to-equity ratio of 1.86.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. Koninklijke KPN had a return on equity of 26.34% and a net margin of 15.20%. The firm had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Analysts predict that Koninklijke KPN will post 0.27 earnings per share for the current fiscal year.

About Koninklijke KPN

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.