KT Co. (NYSE:KT) Short Interest Down 7.5% in January

KT Co. (NYSE:KT - Get Free Report) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 4,460,000 shares, a decline 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 presently 2.4 days. Approximately 0.9% of the company's stock are short sold.

Analyst Ratings Changes

A number of brokerages have weighed in on KT. StockNews.com cut KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday. UBS Group started coverage on KT in a research report on Wednesday. They set a "buy" rating for the company.

Hedge Funds Weigh In On KT

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in KT during the fourth quarter valued at about $36,000. Principal Securities Inc. grew its stake in shares of KT by 70.6% in the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock valued at $58,000 after purchasing an additional 1,544 shares during the period. Venturi Wealth Management LLC grew its stake in shares of KT by 3,915.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company's stock valued at $70,000 after purchasing an additional 4,464 shares during the period. GAMMA Investing LLC grew its stake in shares of KT by 80.7% in the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock valued at $101,000 after purchasing an additional 2,902 shares during the period. Finally, Global Retirement Partners LLC grew its stake in shares of KT by 58.2% in the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock valued at $113,000 after purchasing an additional 2,667 shares during the period. 18.86% of the stock is currently owned by institutional investors.

KT Stock Performance

Shares of NYSE KT traded down $0.14 during trading hours on Friday, hitting $17.42. 1,678,589 shares of the company's stock were exchanged, compared to its average volume of 1,369,479. KT has a 1-year low of $12.10 and a 1-year high of $18.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.36 and a beta of 0.95. The company's 50-day moving average price is $16.59 and its 200-day moving average price is $15.86.

KT (NYSE:KT - Get Free Report) last issued its quarterly earnings results 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, sell-side analysts expect that KT will post 0.73 earnings per share for the current fiscal year.

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.