Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Sees Large Increase in Short Interest

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) was the target of a large increase in short interest in 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 company’s stock are short sold. Based on an average daily trading volume, of 618,700 shares, the days-to-cover ratio is presently 3.6 days.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 1.9 %

NYSE:TLK traded up $0.30 during mid-day trading on Monday, reaching $15.51. The stock had a trading volume of 384,384 shares, compared to its average volume of 734,081. The stock has a market cap of $15.36 billion, a P/E ratio of 10.77, a PEG ratio of 2.10 and a beta of 0.77. The business’s 50 day moving average is $16.31 and its 200 day moving average is $17.74. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.70 and a quick ratio of 0.69. Perusahaan Perseroan has a fifty-two week low of $14.16 and a fifty-two week high of $26.85.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,521,500 shares of the utilities provider’s stock worth $74,966,000 after purchasing an additional 98,552 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the fourth quarter worth about $16,533,000. Dimensional Fund Advisors LP boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 639,435 shares of the utilities provider’s stock worth $10,518,000 after acquiring an additional 16,915 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 8.4% during the 4th quarter. American Century Companies Inc. now owns 581,989 shares of the utilities provider’s stock valued at $9,574,000 after acquiring an additional 44,907 shares during the last quarter. Finally, Northcape Capital Pty Ltd raised its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% in the 4th quarter. Northcape Capital Pty Ltd now owns 529,865 shares of the utilities provider’s stock valued at $8,716,000 after acquiring an additional 77,655 shares in the last quarter.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

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.