KT Co. (NYSE:KT) Sees Large Decline in Short Interest

KT Co. (NYSE:KT - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 1,760,000 shares, a decline of 6.9% from the March 15th total of 1,890,000 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 956,500 shares, the short-interest ratio is currently 1.8 days.

Analyst Ratings Changes

Separately, StockNews.com upgraded KT from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 8th.

Institutional Investors Weigh In On KT

A number of institutional investors and hedge funds have recently modified their holdings of KT. GAMMA Investing LLC purchased a new stake in KT in the 4th quarter valued at approximately $28,000. Glassman Wealth Services lifted its stake in KT by 63.5% in the 4th quarter. Glassman Wealth Services now owns 2,346 shares of the technology company's stock valued at $32,000 after buying an additional 911 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in KT by 1,292.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,050 shares of the technology company's stock valued at $41,000 after buying an additional 2,831 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in KT by 152.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,014 shares of the technology company's stock valued at $41,000 after buying an additional 1,821 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in shares of KT by 1,227.4% during the 4th quarter. Assetmark Inc. now owns 3,053 shares of the technology company's stock worth $41,000 after purchasing an additional 2,823 shares during the period. Institutional investors and hedge funds own 18.86% of the company's stock.

KT Price Performance

Shares of KT traded down $0.16 on Tuesday, reaching $12.30. The stock had a trading volume of 537,761 shares, compared to its average volume of 992,989. The firm has a market capitalization of $6.30 billion, a PE ratio of 7.98, a PEG ratio of 1.28 and a beta of 0.82. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average of $14.09 and a 200 day moving average of $13.30. KT has a twelve month low of $11.04 and a twelve month high of $15.35.

KT (NYSE:KT - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share for the quarter. The business had revenue of $5.08 billion for the quarter. KT had a return on equity of 5.28% and a net margin of 3.84%. Sell-side analysts expect that KT will post 1.9 EPS for the current year.

KT Company Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.