PT XL Axiata Tbk (OTCMKTS:PTXKY) Sees Large Drop in Short Interest

PT XL Axiata Tbk (OTCMKTS:PTXKY) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totalling 27,300 shares, a drop of 16.8% from the December 31st total of 32,800 shares. Based on an average daily volume of 28,700 shares, the short-interest ratio is currently 1.0 days.

PT XL Axiata Tbk Stock Performance

PTXKY traded down $0.15 during trading on Friday, reaching $2.59. 1,234 shares of the company were exchanged, compared to its average volume of 14,008. PT XL Axiata Tbk has a 12-month low of $2.18 and a 12-month high of $3.65. The company’s 50-day moving average is $2.75 and its two-hundred day moving average is $2.79.

PT XL Axiata Tbk Company Profile

PT XL Axiata Tbk, together with its subsidiaries, provides telecommunication, telecommunications network, and multimedia services for consumers and businesses in Indonesia. The company provides cellular mobile and closed fixed network, Internet, Internet telephony and interconnection, data communication system, packet switched local fixed network, telephony, and voice over Internet protocol services.