PLDT Inc. (NYSE:PHI) Short Interest Down 24.8% in January

PLDT Inc. (NYSE:PHI) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 153,900 shares, a decrease of 24.8% from the January 15th total of 204,600 shares. Based on an average daily trading volume, of 75,200 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Investors Weigh In On PLDT

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in PLDT during the third quarter worth about $28,000. BNP Paribas Financial Markets acquired a new stake in PLDT during the third quarter worth about $79,000. Blue Trust Inc. increased its stake in PLDT by 194.8% during the third quarter. Blue Trust Inc. now owns 13,883 shares of the technology company’s stock worth $341,000 after acquiring an additional 9,174 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in PLDT by 655.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 105,364 shares of the technology company’s stock worth $2,334,000 after acquiring an additional 91,418 shares during the last quarter. Finally, Creative Planning increased its stake in PLDT by 21.1% during the third quarter. Creative Planning now owns 67,897 shares of the technology company’s stock worth $1,825,000 after acquiring an additional 11,847 shares during the last quarter. 2.26% of the stock is currently owned by institutional investors and hedge funds.

PLDT Stock Up 1.2 %

NYSE PHI traded up $0.27 during trading hours on Friday, hitting $23.40. 35,447 shares of the company’s stock were exchanged, compared to its average volume of 60,285. The business’s 50 day moving average is $22.44 and its 200-day moving average is $24.52. PLDT has a 12-month low of $21.00 and a 12-month high of $30.39. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.34.

Analysts Set New Price Targets

Separately, StockNews.com upgraded PLDT from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th.

PLDT Company Profile

PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.