Short Interest in KT Co. (NYSE:KT) Declines By 6.9%

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

Analysts Set New Price Targets

Separately, StockNews.com raised shares of KT from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 8th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in KT by 57.3% during the 1st quarter. JPMorgan Chase & Co. now owns 520,833 shares of the technology company’s stock valued at $7,468,000 after purchasing an additional 189,661 shares in the last quarter. Raymond James & Associates increased its stake in KT by 5.7% during the 1st quarter. Raymond James & Associates now owns 266,292 shares of the technology company’s stock valued at $3,819,000 after purchasing an additional 14,458 shares in the last quarter. Bank of New York Mellon Corp increased its stake in KT by 27.1% during the 1st quarter. Bank of New York Mellon Corp now owns 211,336 shares of the technology company’s stock valued at $3,031,000 after purchasing an additional 45,023 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of KT by 19.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,689 shares of the technology company’s stock worth $483,000 after acquiring an additional 5,510 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in shares of KT by 259.9% in the first quarter. Allianz Asset Management GmbH now owns 427,668 shares of the technology company’s stock worth $6,133,000 after acquiring an additional 308,849 shares during the period. 18.86% of the stock is currently owned by institutional investors.

KT Stock Down 1.2 %

Shares of KT stock traded down $0.15 during trading on Wednesday, hitting $12.31. The company’s stock had a trading volume of 537,782 shares, compared to its average volume of 1,190,717. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.03 and a current ratio of 1.10. The company has a fifty day simple moving average of $14.05 and a two-hundred day simple moving average of $13.29. The company has a market capitalization of $6.30 billion, a PE ratio of 7.94, a P/E/G ratio of 1.28 and a beta of 0.82. KT has a 52 week low of $11.04 and a 52 week high of $15.35.

KT (NYSE:KT) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $5.08 billion during the quarter. KT had a net margin of 3.84% and a return on equity of 5.28%. Equities research analysts predict that KT will post 1.9 earnings per share for the current year.

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.