Telekomnks Indn Prsr Tbk Prshn Prsrn-ADR (NYSE:TLK) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 673,400 shares, a drop of 20.9% from the December 15th total of 851,200 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 173,000 shares, the short-interest ratio is currently 3.9 days.

Separately, ValuEngine upgraded shares of Telekomnks Indn Prsr Tbk Prshn Prsrn from a “sell” rating to a “hold” rating in a research note on Friday, November 8th.

A number of large investors have recently modified their holdings of the stock. Millennium Management LLC purchased a new stake in Telekomnks Indn Prsr Tbk Prshn Prsrn during the 3rd quarter valued at about $2,013,000. Parametric Portfolio Associates LLC raised its holdings in Telekomnks Indn Prsr Tbk Prshn Prsrn by 5.9% in the third quarter. Parametric Portfolio Associates LLC now owns 503,978 shares of the utilities provider’s stock worth $15,175,000 after purchasing an additional 28,205 shares in the last quarter. Atlas Capital Advisors LLC raised its holdings in Telekomnks Indn Prsr Tbk Prshn Prsrn by 1,634.1% in the third quarter. Atlas Capital Advisors LLC now owns 8,081 shares of the utilities provider’s stock worth $243,000 after purchasing an additional 7,615 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Telekomnks Indn Prsr Tbk Prshn Prsrn by 8.9% in the third quarter. Fisher Asset Management LLC now owns 13,118 shares of the utilities provider’s stock worth $395,000 after purchasing an additional 1,077 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 18.6% during the third quarter. Quadrant Capital Group LLC now owns 17,359 shares of the utilities provider’s stock worth $521,000 after acquiring an additional 2,728 shares during the last quarter. 4.40% of the stock is owned by institutional investors.

NYSE:TLK traded down $0.65 during mid-day trading on Tuesday, hitting $28.64. 97,200 shares of the stock traded hands, compared to its average volume of 105,889. The business’s 50-day moving average price is $28.37 and its 200 day moving average price is $29.50. Telekomnks Indn Prsr Tbk Prshn Prsrn has a 12-month low of $24.27 and a 12-month high of $31.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.84 and a quick ratio of 0.82.

Telekomnks Indn Prsr Tbk Prshn Prsrn Company Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides telecommunications, information, and media and edutainment services worldwide. It operates in four segments: Mobile, Consumer, Enterprise, and Wholesale and International. The company offers mobile services, including mobile voice, SMS, value-added, and mobile broadband services.

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