Koninklijke Philips (NYSE:PHG) Sees Significant Growth in Short Interest

Koninklijke Philips (NYSE:PHG) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 2,040,000 shares, a growth of 14.0% from the January 15th total of 1,790,000 shares. Based on an average daily volume of 578,600 shares, the short-interest ratio is presently 3.5 days.

Koninklijke Philips Stock Down 1.6 %

NYSE PHG traded down $0.45 during trading on Monday, hitting $28.16. The company’s stock had a trading volume of 924,000 shares, compared to its average volume of 602,377. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74. The company has a market cap of $26.47 billion, a PE ratio of -67.04, a P/E/G ratio of 0.90 and a beta of 0.77. The business’s 50 day simple moving average is $26.21 and its 200-day simple moving average is $28.20. Koninklijke Philips has a fifty-two week low of $19.55 and a fifty-two week high of $32.91.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PHG shares. Jefferies Financial Group upgraded Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th. StockNews.com downgraded Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Koninklijke Philips

Institutional investors have recently added to or reduced their stakes in the business. Colonial Trust Co SC lifted its holdings in shares of Koninklijke Philips by 724.0% during the fourth quarter. Colonial Trust Co SC now owns 1,409 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,238 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Koninklijke Philips during the third quarter worth about $54,000. Farther Finance Advisors LLC lifted its holdings in shares of Koninklijke Philips by 37.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company’s stock worth $54,000 after purchasing an additional 582 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Koninklijke Philips during the fourth quarter worth about $55,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Koninklijke Philips during the fourth quarter worth about $60,000. Institutional investors and hedge funds own 13.67% of the company’s stock.

About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.