Short Interest in KT Co. (NYSE:KT) Increases By 12.4%

KT Co. (NYSE:KT - Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 2,990,000 shares, an increase of 12.4% from the April 15th total of 2,660,000 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 910,000 shares, the short-interest ratio is presently 3.3 days.

Institutional Trading of KT

Hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in KT by 2.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 31,133 shares of the technology company's stock worth $418,000 after purchasing an additional 886 shares during the period. Janney Montgomery Scott LLC lifted its holdings in KT by 2.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 46,011 shares of the technology company's stock worth $618,000 after buying an additional 905 shares in the last quarter. Glassman Wealth Services boosted its position 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 during the period. LGT Group Foundation grew its stake in shares of KT by 0.4% in the third quarter. LGT Group Foundation now owns 223,356 shares of the technology company's stock worth $2,810,000 after acquiring an additional 927 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of KT by 3.0% during the first quarter. Sequoia Financial Advisors LLC now owns 33,494 shares of the technology company's stock worth $470,000 after acquiring an additional 968 shares during the period. 18.86% of the stock is owned by institutional investors and hedge funds.

KT Trading Up 1.8 %

Shares of KT traded up $0.24 during midday trading on Wednesday, reaching $13.66. The company had a trading volume of 740,723 shares, compared to its average volume of 885,746. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. KT has a 1-year low of $11.04 and a 1-year high of $15.35. The firm has a 50 day simple moving average of $13.38 and a 200-day simple moving average of $13.37. The stock has a market cap of $7.04 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 1.45 and a beta of 0.86.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 18th.

About KT

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.

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