PLDT Inc. (NYSE:PHI) Short Interest Update

PLDT Inc. (NYSE:PHI) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 153,900 shares, a decrease of 24.8% from the January 15th total of 204,600 shares. Based on an average daily volume of 75,200 shares, the days-to-cover ratio is currently 2.0 days.

Hedge Funds Weigh In On PLDT

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of PLDT by 48.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,198 shares of the technology company’s stock worth $32,000 after acquiring an additional 390 shares during the period. Oldfield Partners LLP lifted its position in PLDT by 0.9% in the third quarter. Oldfield Partners LLP now owns 45,400 shares of the technology company’s stock valued at $1,220,000 after purchasing an additional 400 shares during the period. PNC Financial Services Group Inc. lifted its position in PLDT by 6.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,842 shares of the technology company’s stock valued at $284,000 after purchasing an additional 807 shares during the period. Ballentine Partners LLC boosted its holdings in PLDT by 6.9% in the 3rd quarter. Ballentine Partners LLC now owns 12,838 shares of the technology company’s stock valued at $345,000 after purchasing an additional 826 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in PLDT during the 3rd quarter worth approximately $28,000. 2.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of PLDT from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th.

PLDT Stock Up 0.9 %

PHI opened at $23.15 on Friday. PLDT has a 52 week low of $21.00 and a 52 week high of $30.39. The business has a 50 day moving average price of $22.43 and a two-hundred day moving average price of $24.54. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24.

PLDT (NYSE:PHI) last released its earnings results on Tuesday, November 12th. The technology company reported $0.68 earnings per share (EPS) for the quarter. PLDT had a return on equity of 22.11% and a net margin of 12.34%. The business had revenue of $933.44 million for the quarter. On average, equities research analysts predict that PLDT will post 2.76 EPS for the current fiscal year.

About PLDT

PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.