Short Interest in PT XL Axiata Tbk (OTCMKTS:PTXKY) Drops By 67.2%

PT XL Axiata Tbk (OTCMKTS:PTXKY) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 97 shares, a decline of 67.2% from the June 15th total of 296 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 3,935 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

PT XL Axiata Tbk Stock Performance

Shares of PT XL Axiata Tbk stock traded up $0.19 during trading hours on Tuesday, hitting $2.70. The company’s stock had a trading volume of 9,786 shares, compared to its average volume of 14,825. The stock has a market cap of $2.46 billion and a price-to-earnings ratio of -0.00. PT XL Axiata Tbk has a twelve month low of $2.51 and a twelve month high of $5.67. The firm has a fifty day moving average of $3.01 and a 200-day moving average of $3.57.

About PT XL Axiata Tbk

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.