KT Co. (NYSE:KT) Sees Large Increase in Short Interest

KT Co. (NYSE:KT) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 3,060,000 shares, an increase of 11.3% from the June 30th total of 2,750,000 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 579,000 shares, the days-to-cover ratio is currently 5.3 days.

KT Stock Up 0.3 %

Shares of NYSE:KT traded up $0.04 during trading on Monday, reaching $14.15. The stock had a trading volume of 315,962 shares, compared to its average volume of 788,356. KT has a one year low of $11.63 and a one year high of $15.35. The company has a market capitalization of $7.29 billion, a P/E ratio of 8.52, a PEG ratio of 0.99 and a beta of 0.90. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $13.45 and its 200 day simple moving average is $13.52.

KT (NYSE:KT) last released its earnings results on Friday, May 24th. The technology company reported $0.57 EPS for the quarter. The company had revenue of $5 billion during the quarter. KT had a net margin of 4.09% and a return on equity of 5.55%. As a group, research analysts expect that KT will post 1.79 EPS for the current fiscal year.

Institutional Trading of KT

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new position in KT during the 4th quarter worth approximately $28,000. Glassman Wealth Services raised its position in KT by 63.5% during the 4th quarter. Glassman Wealth Services now owns 2,346 shares of the technology company’s stock worth $32,000 after buying an additional 911 shares during the last quarter. Tower Research Capital LLC TRC raised its position in KT by 1,292.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,050 shares of the technology company’s stock worth $41,000 after buying an additional 2,831 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in KT by 152.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,014 shares of the technology company’s stock worth $41,000 after buying an additional 1,821 shares during the last quarter. Finally, Assetmark Inc. raised its position in KT by 1,227.4% during the 4th quarter. Assetmark Inc. now owns 3,053 shares of the technology company’s stock worth $41,000 after buying an additional 2,823 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on KT. The Goldman Sachs Group downgraded shares of KT from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th. StockNews.com cut shares of KT from a “strong-buy” rating to a “buy” rating in a report on Friday, July 12th.

KT Company Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; 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.