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

PT XL Axiata Tbk (OTCMKTS:PTXKY) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 3,300 shares, a decline of 85.3% from the February 28th total of 22,500 shares. Based on an average daily trading volume, of 27,900 shares, the short-interest ratio is currently 0.1 days.

PT XL Axiata Tbk Stock Down 1.5 %

OTCMKTS PTXKY traded down $0.04 during mid-day trading on Friday, reaching $2.71. 10,870 shares of the stock were exchanged, compared to its average volume of 9,405. PT XL Axiata Tbk has a 1-year low of $2.18 and a 1-year high of $3.50. The business’s fifty day simple moving average is $2.75 and its 200 day simple moving average is $2.79.

PT XL Axiata Tbk Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 9th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.0619 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This is an increase from PT XL Axiata Tbk’s previous dividend of $0.04.

About PT XL Axiata Tbk

PT XL Axiata Tbk, together with its subsidiaries, provides telecommunication, telecommunications network, and multimedia services for consumers and businesses in Indonesia. The company provides cellular mobile and closed fixed network, Internet, Internet telephony and interconnection, data communication system, packet switched local fixed network, telephony, and voice over Internet protocol services.