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

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

Wall Street Analyst Weigh In

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

KT Stock Up 1.5 %

Shares of KT stock traded up $0.26 on Monday, reaching $17.10. 1,807,019 shares of the company were exchanged, compared to its average volume of 1,201,270. 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 has a one year low of $12.10 and a one year high of $18.45. The company has a 50-day moving average of $16.49 and a 200-day moving average of $15.81. 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.

KT (NYSE:KT) last posted its earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. Analysts anticipate that KT will post 0.88 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its position in shares of KT by 392.0% in the fourth quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company’s stock valued at $153,913,000 after purchasing an additional 7,901,522 shares during the period. Capital International Investors purchased a new position in KT in the 4th quarter valued at approximately $135,833,000. Robeco Institutional Asset Management B.V. raised its holdings in KT by 29.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company’s stock valued at $72,507,000 after acquiring an additional 1,063,736 shares during the period. North of South Capital LLP raised its holdings in KT by 2,407.3% during the 4th quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company’s stock valued at $65,458,000 after acquiring an additional 4,049,439 shares during the period. Finally, Ninety One UK Ltd purchased a new stake in shares of KT during the fourth quarter worth $59,145,000. Hedge funds and other institutional investors own 18.86% of the company’s stock.

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.