Short Interest in Koninklijke KPN NV (OTCMKTS:KKPNY) Drops By 86.9%

Koninklijke KPN NV (OTCMKTS:KKPNY) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 3,003 shares, a drop of 86.9% from the May 31st total of 22,884 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 766,997 shares, the short-interest ratio is presently 0.0 days.

Koninklijke KPN Trading Up 4.0%

OTCMKTS:KKPNY traded up $0.20 during trading hours on Friday, reaching $5.24. The company had a trading volume of 295,580 shares, compared to its average volume of 508,580. The business’s 50 day moving average price is $5.22 and its 200-day moving average price is $5.15. Koninklijke KPN has a 1-year low of $4.36 and a 1-year high of $5.72.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. (KPN) is a Dutch telecommunications and information-communications-technology (ICT) company that provides a broad range of connectivity and digital services. Its core activities include fixed-line and mobile telephony, broadband internet, and television services for residential customers, alongside managed network, cloud, security and unified communications solutions for business and public-sector clients. KPN operates and maintains network infrastructure such as fiber and mobile networks, data centers, and platforms for Internet of Things (IoT) and cybersecurity services.

The company’s primary market is the Netherlands, where it serves households, small and medium-sized enterprises, large corporates and government organizations.