Short Interest in Koninklijke KPN NV (OTCMKTS:KKPNY) Decreases By 97.6%

Koninklijke KPN NV (OTCMKTS:KKPNY) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 18,798 shares, a drop of 97.6% from the July 30th total of 776,474 shares. Based on an average daily volume of 832,012 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Koninklijke KPN Price Performance

KKPNY opened at $4.74 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 1.65. Koninklijke KPN has a 12-month low of $4.36 and a 12-month high of $5.72. The business has a 50 day moving average of $4.84 and a 200-day moving average of $5.19.

About Koninklijke KPN

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.