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

PT XL Axiata Tbk (OTCMKTS:PTXKY) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 180 shares, an increase of 85.6% from the June 30th total of 97 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,260 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

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

PT XL Axiata Tbk Price Performance

Shares of OTCMKTS PTXKY remained flat at $2.67 during midday trading on Friday. 17 shares of the stock were exchanged, compared to its average volume of 14,166. The company has a market cap of $2.43 billion and a P/E ratio of -0.00. PT XL Axiata Tbk has a 1 year low of $2.51 and a 1 year high of $5.67. The business’s 50-day simple moving average is $2.85 and its 200-day simple moving average is $3.38.

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.