PT XL Axiata Tbk (OTCMKTS:PTXKY) Sees Significant Decline in Short Interest

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

PT XL Axiata Tbk Price Performance

OTCMKTS PTXKY opened at $2.80 on Monday. The stock’s 50 day simple moving average is $3.03 and its 200 day simple moving average is $3.58. PT XL Axiata Tbk has a one year low of $2.32 and a one year high of $5.67. The firm has a market cap of $2.55 billion and a PE ratio of -0.00.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of PT XL Axiata Tbk to a “hold” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, PT XL Axiata Tbk currently has an average rating of “Hold”.

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.