Telkom Indonesia (Persero) Tbk PT Short ratio
What is the Short ratio of Telkom Indonesia (Persero) Tbk PT?
The Short ratio of Telkom Indonesia (Persero) Tbk PT is 4.33
What is the definition of Short ratio?
Short ratio is the number of shares sold short divided by the average daily volume.
= short interest / average daily volume
Short ratio is calculated by dividing the number of shares sold short by the average daily trading volume, generally over the last 30 trading days. The ratio represents the number of days it takes short sellers on average to repurchase all the borrowed shares. The ratio is used by both fundamental and technical traders to identify trends.
The percentage represents the number of days it takes short sellers on average to repurchase all the borrowed shares. Short selling is the practice of selling securities or other financial instruments that are not currently owned, and subsequently repurchasing them. In the event of an interim price decline, the short seller profits, since the cost of (re)purchase is less than the proceeds received upon the initial (short) sale. Conversely, the short position closes out at a loss if the price of a shorted instrument rises prior to repurchase. A high short ratio can be an indicator that there will be some buying pressure on the security that would increase its price.
Short ratio of companies in the Communication Services sector on NYSE compared to Telkom Indonesia (Persero) Tbk PT
What does Telkom Indonesia (Persero) Tbk PT do?
Telkom Indonesia (Persero) Tbk PT is an Indonesian multinational telecommunications conglomerate. Telkom has major business lines in fixed line telephony, internet, and data communications. It is operated as the parent company of the Telkom Group, which is engaged in a broad range of businesses which consist of telecommunication, multimedia, property, and financial services.
Companies with short ratio similar to Telkom Indonesia (Persero) Tbk PT
- Sumo Logic has Short ratio of 4.31
- W. P. Carey Inc has Short ratio of 4.31
- Repligen has Short ratio of 4.31
- Freedom Corp has Short ratio of 4.32
- Hello Inc has Short ratio of 4.32
- Inmode Ltd has Short ratio of 4.32
- Telkom Indonesia (Persero) Tbk PT has Short ratio of 4.33
- Maximus has Short ratio of 4.34
- Jumia Technologies Ag has Short ratio of 4.34
- Ryman Hospitality Properties Inc has Short ratio of 4.34
- Tri Pointe Homes has Short ratio of 4.35
- Hologic has Short ratio of 4.35
- Avista has Short ratio of 4.35