PT XL Axiata Tbk (OTCMKTS:PTXKY) Short Interest Down 66.8% in June

PT XL Axiata Tbk (OTCMKTS:PTXKY) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 296 shares, a decrease of 66.8% from the May 31st total of 892 shares. Based on an average daily trading volume, of 2,365 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded PT XL Axiata Tbk to a “hold” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

PT XL Axiata Tbk Price Performance

Shares of PT XL Axiata Tbk stock remained flat at $2.81 on Monday. The stock had a trading volume of 14 shares, compared to its average volume of 15,387. The stock’s fifty day moving average is $3.18 and its 200-day moving average is $3.69. The stock has a market cap of $2.56 billion and a PE ratio of -0.00. PT XL Axiata Tbk has a fifty-two week low of $2.31 and a fifty-two week high of $5.67.

PT XL Axiata Tbk Company Profile

PT XL Axiata Tbk is a leading Indonesian telecommunications operator that provides a comprehensive range of mobile and fixed wireless services. As a member of the Axiata Group Berhad, the company offers nationwide cellular voice, SMS and data connectivity under the XL and Axis brands. Its network portfolio spans 2G, 3G, 4G LTE and has begun initial roll-outs of 5G infrastructure in key urban centers, supported by a growing network of radio access sites and fiber-optic backhaul.

In addition to core mobile services, XL Axiata develops a portfolio of digital products and enterprise solutions.