KT Co. (NYSE:KT) Short Interest Update

KT Co. (NYSE:KT - Get Free Report) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 3,360,000 shares, a drop of 18.2% from the March 15th total of 4,110,000 shares. Currently, 0.7% of the company's shares are short sold. Based on an average daily volume of 1,440,000 shares, the short-interest ratio is presently 2.3 days.

Analysts Set New Price Targets

KT has been the subject of several recent research reports. UBS Group assumed coverage on KT in a research note on Wednesday, February 19th. They issued a "buy" rating for the company. The Goldman Sachs Group raised shares of KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, StockNews.com lowered shares of KT from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 20th.

Institutional Investors Weigh In On KT

A number of hedge funds have recently added to or reduced their stakes in the business. Qtron Investments LLC increased its position in shares of KT by 5.1% during the fourth quarter. Qtron Investments LLC now owns 13,514 shares of the technology company's stock worth $210,000 after acquiring an additional 652 shares in the last quarter. Park Place Capital Corp increased its holdings in KT by 66.7% during the 1st quarter. Park Place Capital Corp now owns 2,047 shares of the technology company's stock worth $36,000 after purchasing an additional 819 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of KT by 20.4% in the first quarter. GAMMA Investing LLC now owns 7,820 shares of the technology company's stock worth $138,000 after purchasing an additional 1,323 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of KT by 9.2% in the first quarter. Blue Trust Inc. now owns 15,675 shares of the technology company's stock valued at $278,000 after purchasing an additional 1,327 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC boosted its position in shares of KT by 9.4% during the first quarter. Elevation Point Wealth Partners LLC now owns 15,919 shares of the technology company's stock valued at $282,000 after buying an additional 1,362 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors.

KT Trading Up 0.4 %

KT stock traded up $0.07 during trading hours on Thursday, reaching $18.71. 1,544,572 shares of the company's stock were exchanged, compared to its average volume of 1,111,900. The firm has a market capitalization of $9.65 billion, a PE ratio of 10.51, a PEG ratio of 0.37 and a beta of 0.83. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The firm's 50 day simple moving average is $17.65 and its 200 day simple moving average is $16.73. KT has a twelve month low of $12.39 and a twelve month high of $18.88.

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.