PT XL Axiata Tbk (OTCMKTS:PTXKY – Get Free Report) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 97 shares, a drop of 67.2% from the June 15th total of 296 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 3,935 shares, the short-interest ratio is presently 0.0 days.
Analysts Set New Price Targets
Separately, Zacks Research raised PT XL Axiata Tbk to a “hold” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.
View Our Latest Stock Report on PTXKY
PT XL Axiata Tbk Stock Up 7.6%
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.
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