Short Interest in Koninklijke KPN (OTCMKTS:KKPNY) Expands By 386.8%

Koninklijke KPN (OTCMKTS:KKPNY - Get Free Report) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,494,500 shares, an increase of 386.8% from the March 31st total of 307,000 shares. Based on an average daily volume of 2,106,700 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the company's shares are sold short.

Koninklijke KPN Price Performance

Shares of Koninklijke KPN stock traded up $0.07 during trading on Wednesday, hitting $4.62. The company's stock had a trading volume of 206,146 shares, compared to its average volume of 463,667. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.68 and a current ratio of 0.70. Koninklijke KPN has a 52 week low of $3.40 and a 52 week high of $4.77. The stock has a 50-day moving average price of $4.21 and a two-hundred day moving average price of $3.91.

Koninklijke KPN Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, May 5th. Stockholders of record on Wednesday, April 23rd will be paid a $0.1063 dividend. This is a boost from Koninklijke KPN's previous dividend of $0.06. The ex-dividend date is Wednesday, April 23rd.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded shares of Koninklijke KPN to a "hold" rating in a research report on Wednesday, April 9th.

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.