PT XL Axiata Tbk (OTCMKTS:PTXKY) Sees Significant Decrease in Short Interest
by Renee Jackson · The Cerbat GemPT XL Axiata Tbk (OTCMKTS:PTXKY – Get Free Report) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 1,814 shares, a drop of 58.6% from the November 30th total of 4,381 shares. Based on an average trading volume of 1,933 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 1,933 shares, the days-to-cover ratio is presently 0.9 days.
PT XL Axiata Tbk Price Performance
Shares of PTXKY traded down $0.46 during mid-day trading on Friday, reaching $4.43. The company’s stock had a trading volume of 1,751 shares, compared to its average volume of 9,026. The business has a fifty day moving average of $3.60 and a 200 day moving average of $3.28. PT XL Axiata Tbk has a 1 year low of $2.13 and a 1 year high of $5.09.
About PT XL Axiata Tbk
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.