Koninklijke KPN NV (OTCMKTS:KKPNY) Short Interest Down 87.6% in July

Key Points

• Koninklijke KPN NV experienced a significant decline in short interest, dropping 87.6% from 211,600 shares to 26,200 shares by July 31st.
• The company's stock price decreased 0.4% to $4.59, with a trading volume of 108,577 shares compared to its average of 471,071.
• Koninklijke KPN declared a dividend of $0.0682 per share, which represents an extraordinary yield of 358.0%.

Koninklijke KPN NV (OTCMKTS:KKPNY - Get Free Report) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 26,200 shares, adecreaseof87.6% from the July 15th total of 211,600 shares. Based on an average trading volume of 1,728,800 shares, the days-to-cover ratio is presently 0.0 days. Approximately0.0% of the company's shares are short sold. Approximately0.0% of the company's shares are short sold. Based on an average trading volume of 1,728,800 shares, the days-to-cover ratio is presently 0.0 days.

Koninklijke KPN Price Performance

Shares of KKPNY stock traded up $0.02 on Tuesday, hitting $4.64. 117,664 shares of the stock were exchanged, compared to its average volume of 598,303. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 1.52. The business has a 50-day moving average of $4.74 and a 200 day moving average of $4.42. Koninklijke KPN has a fifty-two week low of $3.40 and a fifty-two week high of $4.94.

Koninklijke KPN Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, August 8th. Investors of record on Thursday, August 7th were given a dividend of $0.0682 per share. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a yield of 358.0%.

Koninklijke KPN Company Profile

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.