Short Interest in Koninklijke KPN NV (OTCMKTS:KKPNF) Declines By 42.9%

Koninklijke KPN NV (OTCMKTS:KKPNF) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 13,425,525 shares, a drop of 42.9% from the March 31st total of 23,519,754 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 52,160 shares, the days-to-cover ratio is currently 257.4 days.

Koninklijke KPN Stock Up 0.6%

Koninklijke KPN stock traded up $0.03 during trading hours on Monday, hitting $5.51. The stock had a trading volume of 4,591 shares, compared to its average volume of 16,127. The stock has a market cap of $21.44 billion, a price-to-earnings ratio of 22.98 and a beta of 0.24. Koninklijke KPN has a one year low of $4.16 and a one year high of $5.81. The business’s 50 day simple moving average is $5.52 and its 200-day simple moving average is $4.98.

Koninklijke KPN (OTCMKTS:KKPNF) last posted its earnings results on Wednesday, January 28th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.70 billion. Koninklijke KPN had a net margin of 14.72% and a return on equity of 24.84%. Research analysts anticipate that Koninklijke KPN will post 0.28 EPS for the current fiscal year.

About Koninklijke KPN

Koninklijke KPN N.V. (Royal KPN) is a Dutch telecommunications and ICT services company headquartered in The Hague. The group traces its origins to the Dutch national postal and telecommunications service and evolved into a privatized commercial operator. KPN is primarily listed on Euronext Amsterdam and its American depositary receipts trade over the counter under the symbol KKPNF.

KPN’s core activities cover a full range of telecommunications and digital infrastructure services. For consumer markets it offers fixed-line and mobile voice services, broadband internet, television and bundled connectivity packages.