Koninklijke KPN NV (OTCMKTS:KKPNF) Short Interest Update

Key Points

• Koninklijke KPN experienced a notable decrease in short interest, with a drop of 46.9% in July, bringing total short interest to 6,924,700 shares.
• The company's stock remained flat at $4.69, with a market cap of $18.24 billion and a P/E ratio of 23.45.
• After reporting earnings of $0.06 per share in July, missing estimates, Berenberg Bank upgraded KPN to a "strong-buy" rating.

Koninklijke KPN NV (OTCMKTS:KKPNF - Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 6,924,700 shares, adeclineof46.9% from the July 15th total of 13,042,000 shares. Currently,0.2% of the shares of the company are short sold. Based on an average daily volume of 16,200 shares, the short-interest ratio is presently 427.5 days. Based on an average daily volume of 16,200 shares, the short-interest ratio is presently 427.5 days. Currently,0.2% of the shares of the company are short sold.

Koninklijke KPN Stock Performance

OTCMKTS KKPNF remained flat at $4.69 on Monday. The company had a trading volume of 8,727 shares, compared to its average volume of 9,599. The firm has a market cap of $18.24 billion, a P/E ratio of 23.45 and a beta of 0.36. The company has a quick ratio of 0.70, a current ratio of 0.72 and a debt-to-equity ratio of 1.82. The business has a 50-day simple moving average of $4.73 and a 200 day simple moving average of $4.42. Koninklijke KPN has a 12 month low of $3.49 and a 12 month high of $4.95.

Koninklijke KPN (OTCMKTS:KKPNF - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $1.41 billion. Koninklijke KPN had a return on equity of 23.15% and a net margin of 14.34%. As a group, sell-side analysts predict that Koninklijke KPN will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded Koninklijke KPN to a "strong-buy" rating in a research report on Thursday, June 26th.

About Koninklijke KPN

Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. It operates through Consumer; Business; Wholesale; and Network, Operations & IT segments. The company offers fixed and mobile telephony, fixed and mobile broadband internet, and television services to retail and business consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties.

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