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 decline in short interest in June. As of June 15th, there was short interest totaling 296 shares, a decline of 66.8% from the May 31st total of 892 shares. Based on an average daily volume of 2,365 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

PT XL Axiata Tbk Price Performance

PTXKY remained flat at $2.81 on Friday. The company’s stock had a trading volume of 14 shares, compared to its average volume of 15,387. The company has a 50-day simple moving average of $3.18 and a two-hundred day simple moving average of $3.69. PT XL Axiata Tbk has a 52 week low of $2.31 and a 52 week high of $5.67. The stock has a market cap of $2.56 billion and a PE ratio of -0.00.

Wall Street Analysts Forecast Growth

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