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

KT Co. (NYSE:KT) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 4,460,000 shares, a drop of 7.5% from the January 15th total of 4,820,000 shares. Based on an average daily trading volume, of 1,830,000 shares, the short-interest ratio is currently 2.4 days. Currently, 0.9% of the company’s stock are sold short.

KT Stock Up 1.5 %

KT stock traded up $0.26 during trading hours on Monday, reaching $17.10. 1,807,019 shares of the stock were exchanged, compared to its average volume of 1,201,270. The firm’s 50-day moving average is $16.49 and its 200-day moving average is $15.81. KT has a 12 month low of $12.10 and a 12 month high of $18.45. The company has a market cap of $8.82 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 0.35 and a beta of 0.95. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98.

KT (NYSE:KT) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.54 earnings per share (EPS) for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. On average, equities research analysts expect that KT will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On KT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KT. Sanctuary Advisors LLC boosted its holdings in shares of KT by 18.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 49,578 shares of the technology company’s stock valued at $823,000 after buying an additional 7,858 shares during the last quarter. JPMorgan Chase & Co. raised its position in KT by 74.9% during the third quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company’s stock worth $1,650,000 after acquiring an additional 45,941 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in KT by 44.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock valued at $55,493,000 after acquiring an additional 1,101,669 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of KT in the 3rd quarter valued at about $779,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of KT during the 3rd quarter worth about $592,000. 18.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 12th.

About KT

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.