Short Interest in Koninklijke KPN NV (OTCMKTS:KKPNF) Decreases By 66.6%

Koninklijke KPN NV (OTCMKTS:KKPNF) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 5,035,016 shares, a decline of 66.6% from the June 30th total of 15,072,614 shares. Based on an average daily volume of 26,595 shares, the days-to-cover ratio is currently 189.3 days. Approximately 0.1% of the shares of the company are sold short.

Koninklijke KPN Trading Up 0.6%

OTCMKTS:KKPNF traded up $0.03 during mid-day trading on Tuesday, hitting $4.77. 8,611 shares of the company’s stock traded hands, compared to its average volume of 58,707. The firm has a market capitalization of $18.55 billion, a price-to-earnings ratio of 18.35 and a beta of 0.18. The firm has a 50 day moving average of $4.99 and a two-hundred day moving average of $5.18. Koninklijke KPN has a 12 month low of $4.25 and a 12 month high of $5.81.

Koninklijke KPN (OTCMKTS:KKPNF) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Koninklijke KPN had a return on equity of 26.25% and a net margin of 15.09%.The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.68 billion. As a group, equities research analysts expect that Koninklijke KPN will post 0.27 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded Koninklijke KPN from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy”.

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.