KT Co. (NYSE:KT) Short Interest Up 13.7% in October

KT Co. (NYSE:KT) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 2,410,000 shares, a growth of 13.7% from the September 30th total of 2,120,000 shares. Based on an average daily volume of 633,600 shares, the days-to-cover ratio is currently 3.8 days. Approximately 0.5% of the company’s stock are short sold.

KT Price Performance

Shares of KT stock traded down $0.04 on Thursday, hitting $15.77. 144,407 shares of the company were exchanged, compared to its average volume of 738,493. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $15.30 and a 200 day moving average price of $14.07. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 0.75 and a beta of 0.90. KT has a 1-year low of $12.07 and a 1-year high of $15.99.

KT (NYSE:KT) last released its quarterly earnings data on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. KT had a return on equity of 5.60% and a net margin of 4.07%. The company had revenue of $4.77 billion for the quarter. As a group, sell-side analysts predict that KT will post 1.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its position in KT by 9.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company’s stock valued at $141,061,000 after purchasing an additional 829,682 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in KT by 44.0% during the 3rd 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 period. Lazard Asset Management LLC grew its holdings in shares of KT by 2.4% in the first quarter. Lazard Asset Management LLC now owns 3,556,193 shares of the technology company’s stock valued at $49,857,000 after purchasing an additional 84,760 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in KT by 0.5% during the 1st quarter. Russell Investments Group Ltd. now owns 3,212,410 shares of the technology company’s stock worth $45,038,000 after buying an additional 16,362 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in KT by 2.3% in the second quarter. Sei Investments Co. now owns 1,519,693 shares of the technology company’s stock valued at $20,774,000 after purchasing an additional 34,164 shares during the period. Hedge funds and other institutional investors own 18.86% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KT. New Street Research upgraded KT to a “strong-buy” rating in a research note on Monday, September 9th. StockNews.com raised shares of KT from a “buy” rating to a “strong-buy” rating in a report on Friday, August 23rd. Finally, The Goldman Sachs Group lowered KT from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th.

KT Company Profile

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.