Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (OTCMKTS:TLKMF) Sees Large Decrease in Short Interest

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (OTCMKTS:TLKMF) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 13 shares, a drop of 99.7% from the August 31st total of 4,948 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 0.1 days.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

OTCMKTS:TLKMF opened at C$0.14 on Friday. The firm’s fifty day simple moving average is C$0.15 and its 200 day simple moving average is C$0.16. Perusahaan Perseroan has a twelve month low of C$0.13 and a twelve month high of C$0.24.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications service provider. Majority-owned by the Government of Indonesia, the company traces its modern corporate structure to its 1991 incorporation under Law No. 3 of 1989, although its operational roots date back to the colonial-era postal and telegraph services of the mid-19th century. Telkom Indonesia is headquartered in Jakarta and Bandung and employs a network of subsidiaries and associates to deliver a comprehensive suite of connectivity solutions across the archipelago.

The company’s core activities encompass fixed-line and mobile telephony, broadband internet, and data communications.