Koninklijke KPN NV (OTCMKTS:KKPNY) Stock Short Interest Drops 60.4%

Koninklijke KPN NV (OTCMKTS:KKPNY) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 162,505 shares, a drop of 60.4% from the September 30th total of 410,471 shares. Based on an average daily volume of 4,626,704 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Koninklijke KPN Price Performance

Shares of Koninklijke KPN stock opened at $4.62 on Thursday. The company has a 50 day moving average price of $4.61 and a 200 day moving average price of $5.02. Koninklijke KPN has a 52 week low of $4.27 and a 52 week high of $5.72. The company has a quick ratio of 0.63, a current ratio of 0.66 and a debt-to-equity ratio of 1.86.

About Koninklijke KPN

Koninklijke KPN N.V. is a telecommunications company based in the Netherlands. It provides fixed-line and mobile communications services, broadband internet access, television, and related digital services to consumers and businesses.

KPN also serves business and government customers with connectivity, information and communications technology, cloud, cybersecurity, workplace, data center, and managed network solutions. The company operates and manages telecommunications infrastructure in the Netherlands and provides wholesale access and network services to other communications providers.

KPN traces its roots to the Dutch state-owned postal and telecommunications organization, which was reorganized and privatized during the 1980s and 1990s.