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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) saw 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. Based on an average daily volume of 618,700 shares, the short-interest ratio is currently 3.6 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted 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 worth $25,000 after buying an additional 643 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 49.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,992 shares of the utilities provider’s stock worth $33,000 after buying an additional 662 shares during the period. Saturna Capital Corp boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.9% in the third quarter. Saturna Capital Corp now owns 83,782 shares of the utilities provider’s stock worth $1,657,000 after buying an additional 782 shares during the period. First Affirmative Financial Network boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.6% in the fourth quarter. First Affirmative Financial Network now owns 13,720 shares of the utilities provider’s stock worth $226,000 after buying an additional 972 shares during the period. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.4% in the third quarter. TD Private Client Wealth LLC now owns 4,870 shares of the utilities provider’s stock worth $96,000 after buying an additional 1,165 shares during the period.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of NYSE:TLK traded up $0.30 during trading hours on Monday, hitting $15.51. 384,384 shares of the company’s stock traded hands, compared to its average volume of 734,081. Perusahaan Perseroan has a 52 week low of $14.16 and a 52 week high of $26.85. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.69 and a current ratio of 0.70. The company’s fifty day simple moving average is $16.31 and its two-hundred day simple moving average is $17.74. The company has a market cap of $15.36 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 2.10 and a beta of 0.77.

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.