Short Interest in PT XL Axiata Tbk (OTCMKTS:PTXKY) Grows By 85.6%

PT XL Axiata Tbk (OTCMKTS:PTXKY) was the recipient of a significant increase in short interest in the month of 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. Based on an average trading volume of 2,260 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

PT XL Axiata Tbk Stock Performance

Shares of PTXKY stock remained flat at $2.67 during mid-day trading on Thursday. The stock has a market cap of $2.43 billion and a P/E ratio of -0.00. The stock has a 50-day moving average price of $2.86 and a two-hundred day moving average price of $3.40. PT XL Axiata Tbk has a 1-year low of $2.51 and a 1-year high of $5.67.

Analyst Ratings Changes

Separately, Zacks Research upgraded 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, Based on data from MarketBeat.com, PT XL Axiata Tbk 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.