Telekomnks Indn Prsr Tbk Prshn Prsrn-ADR (NYSE:TLK) Sees Significant Decrease in Short Interest

Telekomnks Indn Prsr Tbk Prshn Prsrn-ADR (NYSE:TLK) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 673,400 shares, a drop of 20.9% from the December 31st total of 851,200 shares. Based on an average daily trading volume, of 168,300 shares, the short-interest ratio is currently 4.0 days. Currently, 0.1% of the shares of the company are sold short.

Several hedge funds have recently made changes to their positions in TLK. Fisher Asset Management LLC boosted its position in Telekomnks Indn Prsr Tbk Prshn Prsrn by 8.9% in the third quarter. Fisher Asset Management LLC now owns 13,118 shares of the utilities provider’s stock valued at $395,000 after buying an additional 1,077 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Telekomnks Indn Prsr Tbk Prshn Prsrn by 18.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 17,359 shares of the utilities provider’s stock valued at $521,000 after acquiring an additional 2,728 shares during the period. Coastline Trust Co lifted its stake in Telekomnks Indn Prsr Tbk Prshn Prsrn by 5.3% during the 4th quarter. Coastline Trust Co now owns 75,360 shares of the utilities provider’s stock valued at $2,148,000 after acquiring an additional 3,825 shares during the period. Baldwin Brothers Inc. MA purchased a new stake in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn in the 3rd quarter valued at $117,000. Finally, Atlas Capital Advisors LLC boosted its holdings in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 1,634.1% in the 3rd quarter. Atlas Capital Advisors LLC now owns 8,081 shares of the utilities provider’s stock valued at $243,000 after acquiring an additional 7,615 shares during the last quarter. 4.40% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine upgraded shares of Telekomnks Indn Prsr Tbk Prshn Prsrn from a “sell” rating to a “hold” rating in a research note on Friday, November 8th.

Shares of NYSE TLK traded down $0.75 during mid-day trading on Monday, hitting $27.78. The stock had a trading volume of 247 shares, compared to its average volume of 134,668. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.84 and a quick ratio of 0.82. The company has a 50 day moving average of $28.42 and a two-hundred day moving average of $29.42. Telekomnks Indn Prsr Tbk Prshn Prsrn has a twelve month low of $24.27 and a twelve month high of $31.48.

Telekomnks Indn Prsr Tbk Prshn Prsrn (NYSE:TLK) last issued its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.39 EPS for the quarter. The firm had revenue of $2.36 billion for the quarter.

Telekomnks Indn Prsr Tbk Prshn Prsrn Company Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides telecommunications, information, and media and edutainment services worldwide. It operates in four segments: Mobile, Consumer, Enterprise, and Wholesale and International. The company offers mobile services, including mobile voice, SMS, value-added, and mobile broadband services.

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