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

PT XL Axiata Tbk (OTCMKTS:PTXKY – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 660 shares, a growth of 89.1% from the August 31st total of 349 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 226 shares, the days-to-cover ratio is presently 2.9 days.

PT XL Axiata Tbk Price Performance

PT XL Axiata Tbk stock opened at $2.90 on Tuesday. The company’s 50-day moving average price is $2.86 and its two-hundred day moving average price is $3.04. PT XL Axiata Tbk has a 52 week low of $2.51 and a 52 week high of $5.67.

About PT XL Axiata Tbk

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PT XL Axiata Tbk is an Indonesian telecommunications company and a member of the Axiata Group. The company provides mobile communications and connectivity services to consumers, businesses and other organizations across Indonesia.

Its principal offerings include cellular voice and messaging, mobile data, internet access, fixed broadband and digital services. The company markets consumer services under brands including XL, AXIS and XL PRIORITAS, while its enterprise business provides connectivity, information and communications technology solutions, managed services and other digital solutions.

PT XL Axiata was established in 1989 and began commercial operations in 1996.

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