How Is The Market Feeling About Telkom Indonesia?
Portfolio Pulse from Benzinga Insights
Telkom Indonesia (NYSE:TLK) has seen a 22.22% increase in short interest since its last report, with 1.11 million shares sold short, representing 0.11% of available shares. The short interest ratio is 3.73 days to cover. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Compared to its peers, Telkom Indonesia has a lower short interest as a percentage of float, with the peer group average at 2.20%.
December 22, 2023 | 6:45 pm
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Telkom Indonesia's short interest has increased, which may indicate bearish sentiment among investors. However, the company's short interest is below its peer group average, suggesting less negative sentiment relative to its peers.
The rise in short interest for Telkom Indonesia suggests that some investors are expecting the stock price to decline. However, the article indicates that this does not necessarily mean the stock will fall in the near term. Additionally, the short interest is lower than the peer group average, which could mitigate the bearish sentiment. The score is neutral because the short interest is a bearish indicator, but its lower level compared to peers and the lack of a definitive prediction of a price drop in the article balance the outlook.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80