PT XL Axiata Tbk (OTCMKTS:PTXKY) Short Interest Down 66.8% in June

PT XL Axiata Tbk (OTCMKTS:PTXKY) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 296 shares, a decrease of 66.8% from the May 31st total of 892 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 2,365 shares, the days-to-cover ratio is currently 0.1 days.

PT XL Axiata Tbk Price Performance

OTCMKTS:PTXKY remained flat at $2.81 during midday trading on Friday. The company had a trading volume of 14 shares, compared to its average volume of 15,387. 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 capitalization of $2.56 billion and a P/E ratio of -0.00. The company’s 50 day simple moving average is $3.18 and its 200-day simple moving average is $3.69.

Analysts Set New Price Targets

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