KT Corporation (NYSE:KT) Short Interest Up 93.0% in December

KT Corporation (NYSE:KT) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 3,851,633 shares, an increase of 93.0% from the November 30th total of 1,995,176 shares. Based on an average daily trading volume, of 1,986,523 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.8% of the shares of the company are short sold. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 1,986,523 shares, the days-to-cover ratio is currently 1.9 days.

KT Stock Performance

Shares of KT stock traded down $0.11 during mid-day trading on Monday, hitting $19.05. The stock had a trading volume of 364,839 shares, compared to its average volume of 1,420,664. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.20. The company’s 50-day simple moving average is $18.51 and its 200-day simple moving average is $19.58. KT has a fifty-two week low of $15.49 and a fifty-two week high of $21.61. The firm has a market cap of $9.82 billion, a PE ratio of 13.60, a PEG ratio of 0.15 and a beta of 0.67.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Triumph Capital Management purchased a new stake in KT during the third quarter worth approximately $47,000. Public Employees Retirement System of Ohio bought a new stake in shares of KT in the 3rd quarter valued at approximately $1,190,000. Ameriprise Financial Inc. boosted its holdings in shares of KT by 14.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 73,889 shares of the technology company’s stock valued at $1,440,000 after buying an additional 9,113 shares during the period. Natixis Advisors LLC grew its holdings in shares of KT by 39.8% during the third quarter. Natixis Advisors LLC now owns 280,713 shares of the technology company’s stock valued at $5,474,000 after purchasing an additional 79,891 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in KT in the third quarter worth $81,000. 18.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KT shares. Weiss Ratings reissued a “hold (c+)” rating on shares of KT in a report on Monday, December 22nd. Zacks Research downgraded shares of KT from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Finally, Wall Street Zen downgraded KT from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, KT currently has a consensus rating of “Hold”.

KT Company Profile

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company’s services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea’s first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.