Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Short Interest Down 19.8% in April

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Rating) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 842,600 shares, a decrease of 19.8% from the March 31st total of 1,050,000 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 334,000 shares, the short-interest ratio is presently 2.5 days.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the fourth quarter valued at $101,901,000. Dimensional Fund Advisors LP increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 969,117 shares of the utilities provider’s stock valued at $28,119,000 after purchasing an additional 2,858 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 34.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 578,061 shares of the utilities provider’s stock worth $16,758,000 after purchasing an additional 149,592 shares during the period. Parametric Portfolio Associates LLC raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 8.0% in the 4th quarter. Parametric Portfolio Associates LLC now owns 570,365 shares of the utilities provider’s stock worth $16,535,000 after purchasing an additional 42,284 shares during the period. Finally, Bank of America Corp DE boosted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 6.5% during the fourth quarter. Bank of America Corp DE now owns 566,656 shares of the utilities provider’s stock worth $16,427,000 after purchasing an additional 34,373 shares in the last quarter. 4.76% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on TLK shares. Deutsche Bank Aktiengesellschaft downgraded Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. DBS Vickers lowered Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “buy” rating to a “hold” rating and set a 4,600.00 price objective for the company. in a research note on Wednesday, April 20th. Finally, StockNews.com began coverage on Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in a report on Thursday, March 31st. They issued a “buy” rating for the company.

Shares of NYSE TLK traded up $0.62 during midday trading on Tuesday, reaching $31.90. 2,774 shares of the stock were exchanged, compared to its average volume of 290,334. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.25. The firm has a market cap of $28.73 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 1.74 and a beta of 0.68. The firm has a 50-day simple moving average of $31.66 and a two-hundred day simple moving average of $29.45. Perusahaan Perseroan has a twelve month low of $20.44 and a twelve month high of $33.21.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company Profile (Get Rating)

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides telecommunications, informatics, and network services worldwide. The company's Mobile segment offers mobile voice, SMS, and mobile broadband services; and digital services, including financial services, video on demand, music, gaming, IoT, big data analytics, and digital advertising services.

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