Short Interest in Koninklijke Philips (NYSE:PHG) Decreases By 25.3%

Koninklijke Philips (NYSE:PHG - Get Free Report) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 1,680,000 shares, a decline of 25.3% from the November 30th total of 2,250,000 shares. Based on an average trading volume of 756,600 shares, the short-interest ratio is presently 2.2 days.

Koninklijke Philips Stock Down 0.8 %

Shares of NYSE:PHG traded down $0.20 during mid-day trading on Friday, hitting $25.57. 384,605 shares of the company traded hands, compared to its average volume of 930,287. The firm's 50 day simple moving average is $26.78 and its 200 day simple moving average is $28.11. The firm has a market cap of $24.03 billion, a P/E ratio of -60.88, a PEG ratio of 0.92 and a beta of 0.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 1.16. Koninklijke Philips has a 52-week low of $19.55 and a 52-week high of $32.91.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PHG shares. Jefferies Financial Group raised shares of Koninklijke Philips from an "underperform" rating to a "hold" rating in a research report on Tuesday, October 29th. StockNews.com lowered shares of Koninklijke Philips from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Koninklijke Philips presently has a consensus rating of "Hold".

Institutional Trading of Koninklijke Philips

A number of hedge funds have recently made changes to their positions in the company. Fairscale Capital LLC acquired a new position in shares of Koninklijke Philips in the second quarter worth about $54,000. Wilmington Savings Fund Society FSB bought a new position in Koninklijke Philips during the 3rd quarter valued at $54,000. Eastern Bank acquired a new position in Koninklijke Philips during the 3rd quarter worth $88,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Koninklijke Philips in the 3rd quarter worth about $107,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Koninklijke Philips by 182.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,657 shares of the technology company's stock valued at $143,000 after purchasing an additional 3,654 shares in the last quarter. Hedge funds and other institutional investors own 13.67% of the company's stock.

About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.