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

PT XL Axiata Tbk (OTCMKTS:PTXKY) was the target of a large decrease in short interest during the month of 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. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 2,365 shares, the short-interest ratio is currently 0.1 days.

PT XL Axiata Tbk Stock Performance

PTXKY stock remained flat at $2.81 during midday trading on Tuesday. PT XL Axiata Tbk has a 12 month low of $2.31 and a 12 month high of $5.67. The firm has a fifty day simple moving average of $3.17 and a two-hundred day simple moving average of $3.68. The firm has a market capitalization of $2.56 billion and a price-to-earnings ratio of -0.00.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised PT XL Axiata Tbk to a “hold” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

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.