Koninklijke KPN (OTCMKTS:KKPNY) Sees Significant Growth in Short Interest

Koninklijke KPN (OTCMKTS:KKPNYGet Rating) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totalling 149,300 shares, a growth of 173.9% from the April 30th total of 54,500 shares. Based on an average daily trading volume, of 358,300 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered shares of Koninklijke KPN from a “buy” rating to a “hold” rating in a research report on Thursday, February 23rd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Koninklijke KPN currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.63.

Koninklijke KPN Stock Performance

Shares of OTCMKTS:KKPNY traded down $0.01 during trading hours on Friday, hitting $3.51. 151,141 shares of the company’s stock traded hands, compared to its average volume of 270,184. Koninklijke KPN has a 52 week low of $2.56 and a 52 week high of $3.80. The company’s fifty day simple moving average is $3.60 and its two-hundred day simple moving average is $3.34.

Koninklijke KPN Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 26th. Stockholders of record on Monday, April 17th were given a dividend of $0.0824 per share. This is a positive change from Koninklijke KPN’s previous dividend of $0.04. The ex-dividend date of this dividend was Friday, April 14th. This represents a dividend yield of 3.34%.

Koninklijke KPN Company Profile

(Get Rating)

Royal KPN NV engages in the provision of telecommunications and information technology services. It offers fixed and mobile telephony, fixed and mobile broadband internet, and television to retail and business consumers. It operates through the following segments: Consumer; Business; Wholesale; Network, Operations, and Information Technology (NOI); and Other.

Further Reading

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