KT Corp (NYSE:KT) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 2,722,232 shares, an increase of 53.5% from the January 12th total of 1,773,532 shares. Based on an average daily volume of 1,091,970 shares, the short-interest ratio is currently 2.5 days.
Shares of KT (KT) opened at $13.10 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. KT has a 12-month low of $12.70 and a 12-month high of $18.82.
Large investors have recently modified their holdings of the stock. ETRADE Capital Management LLC purchased a new stake in shares of KT in the 4th quarter valued at approximately $190,000. Landscape Capital Management L.L.C. purchased a new stake in shares of KT in the 4th quarter valued at approximately $218,000. Zeke Capital Advisors LLC purchased a new stake in shares of KT in the 4th quarter valued at approximately $268,000. Hosking Partners LLP purchased a new stake in shares of KT in the 3rd quarter valued at approximately $343,000. Finally, Citadel Advisors LLC lifted its position in shares of KT by 27.3% in the 4th quarter. Citadel Advisors LLC now owns 25,704 shares of the technology company’s stock valued at $401,000 after acquiring an additional 5,516 shares in the last quarter. Institutional investors and hedge funds own 24.26% of the company’s stock.
KT Corporation is a telecommunications service provider. The Company’s segments include the Customer/Marketing Group, the Finance Business Group and the Others Group. The Customer/Marketing Group segment is engaged in providing various telecommunication services to individual/home/corporate customers and the convergence business.
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