Short Interest Worth Watching: Will Perusahaan Perseroan Persero (NYSE:TLK) Run Out of Steam Soon? Short Interest is Up

November 17, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Worth Watching: Will Perusahaan Perseroan Persero (NYSE:TLK) Run Out of Steam Soon? Short Interest is Up

The stock of Perusahaan Perseroan Persero (NYSE:TLK) registered an increase of 6.41% in short interest. TLK’s total short interest was 413,200 shares in November as published by FINRA. Its up 6.41% from 388,300 shares, reported previously. With 172,100 shares average volume, it will take short sellers 2 days to cover their TLK’s short positions. The short interest to Perusahaan Perseroan Persero’s float is 0.18%. About 431,233 shares traded hands. Telekomunikasi Indones (Prsr)Tbk PT-ADR (NYSE:TLK) has risen 9.99% since April 15, 2016 and is uptrending. It has outperformed by 5.37% the S&P500.

Perusahaan Perseroan PT Telekomunikasi Indonesia Tbk offers telecommunications and network services. The company has a market cap of $30.19 billion. The Company’s divisions include Corporate, Home, Personal and Others. It has a 33.46 P/E ratio. The Corporate segment provides telecommunications services, including interconnection, leased lines, satellite, contact center, broadband access, information technology services, and data and Internet services to companies and institutions.

TLK Company Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk, incorporated on November 19, 1991, offers telecommunications and network services. The Company’s divisions include Corporate, Home, Personal and Others. The Corporate segment provides telecommunications services, including interconnection, leased lines, satellite, contact center, broadband access, information technology services, and data and Internet services to companies and institutions. The Home segment provides fixed wireline telecommunications services, pay television, and data and Internet services to home customers. The Personal segment provides mobile cellular and fixed wireless telecommunications services to individual customers. The Others segment provides building management services.

More notable recent Telekomunikasi Indones (Prsr)Tbk PT-ADR (NYSE:TLK) news were published by: Stockhouse.com which released: “Benzinga’s Volume Movers” on October 14, 2016, also Reuters.com with their article: “Indonesian telco Telkom 9-mth profit rises 28 pct” published on October 25, 2016, Reuters.com published: “Fitch says spectrum tussle in SE asia to step up telecom competition” on August 04, 2016. More interesting news about Telekomunikasi Indones (Prsr)Tbk PT-ADR (NYSE:TLK) were released by: Reuters.com and their article: “Indonesin telco Telkom H1 2016 profit rises 33 pct” published on July 27, 2016 as well as Reuters.com‘s news article titled: “PT Telekomunikasi Indonesia (Persero) Tbk announces FY 2015 cash and special dividends” with publication date: April 26, 2016.

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By Winifred Garcia

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