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

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

Wall Street Analyst Weigh In

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

PT XL Axiata Tbk Price Performance

Shares of PTXKY stock opened at $2.67 on Friday. The business has a 50-day moving average price of $2.84 and a two-hundred day moving average price of $3.37. PT XL Axiata Tbk has a 12-month low of $2.51 and a 12-month high of $5.67. The firm has a market cap of $2.43 billion and a P/E ratio of -0.00.

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.