Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Short Interest Up 16.9% in January

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 2,210,000 shares, an increase of 16.9% from the January 15th total of 1,890,000 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 618,700 shares, the short-interest ratio is presently 3.6 days.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

TLK stock traded up $0.30 on Monday, hitting $15.51. 384,384 shares of the company’s stock traded hands, compared to its average volume of 734,081. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.14. The stock has a market cap of $15.36 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 2.10 and a beta of 0.77. Perusahaan Perseroan has a 1-year low of $14.16 and a 1-year high of $26.85. The stock has a fifty day moving average of $16.31 and a 200-day moving average of $17.74.

Institutional Investors Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Several large investors have recently modified their holdings of TLK. GAMMA Investing LLC lifted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.5% in the fourth quarter. GAMMA Investing LLC now owns 1,506 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 643 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 49.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,992 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 662 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 4th quarter valued at about $53,000. TD Private Client Wealth LLC increased its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.4% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,870 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 1,165 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.0% in the fourth quarter. Blue Trust Inc. now owns 7,315 shares of the utilities provider’s stock worth $120,000 after purchasing an additional 3,110 shares in the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.