Short Interest in Koninklijke KPN NV (OTCMKTS:KKPNF) Drops By 46.9%

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) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 6,924,700 shares, adropof46.9% from the July 15th total of 13,042,000 shares. Based on an average daily trading volume, of 16,200 shares, the days-to-cover ratio is presently 427.5 days. Currently,0.2% of the shares of the company are sold short. Currently,0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 16,200 shares, the days-to-cover ratio is presently 427.5 days.

Koninklijke KPN Price Performance

OTCMKTS KKPNF traded up $0.05 during trading on Friday, reaching $4.78. 8,660 shares of the company traded hands, compared to its average volume of 10,054. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.70 and a current ratio of 0.72. The stock's 50 day moving average price is $4.73 and its two-hundred day moving average price is $4.44. The company has a market cap of $18.59 billion, a price-to-earnings ratio of 23.90 and a beta of 0.36. Koninklijke KPN has a 1-year low of $3.4850 and a 1-year high of $4.9480.

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 company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $1.41 billion. Koninklijke KPN had a net margin of 14.34% and a return on equity of 23.15%. As a group, analysts anticipate that Koninklijke KPN will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised Koninklijke KPN to a "strong-buy" rating in a report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

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.