PLDT Inc. (NYSE:PHI - Get Free Report) saw a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 153,900 shares, a decrease of 24.8% from the January 15th total of 204,600 shares. Based on an average daily volume of 75,200 shares, the days-to-cover ratio is presently 2.0 days.
Analyst Ratings Changes
Separately, StockNews.com raised PLDT from a "buy" rating to a "strong-buy" rating in a report on Thursday, November 14th.
Check Out Our Latest Stock Report on PHI
Hedge Funds Weigh In On PLDT
Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in PLDT in the 3rd quarter worth approximately $28,000. GAMMA Investing LLC grew its holdings in PLDT by 48.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,198 shares of the technology company's stock worth $32,000 after buying an additional 390 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in PLDT in the 4th quarter worth approximately $49,000. BNP Paribas Financial Markets bought a new position in PLDT in the 3rd quarter worth approximately $79,000. Finally, Ascent Group LLC bought a new position in PLDT in the 3rd quarter worth approximately $218,000. 2.26% of the stock is owned by institutional investors.
PLDT Stock Performance
Shares of NYSE:PHI traded up $0.29 during trading on Tuesday, hitting $23.69. 75,540 shares of the company traded hands, compared to its average volume of 58,785. The business's fifty day moving average is $22.46 and its 200-day moving average is $24.46. PLDT has a one year low of $21.00 and a one year high of $30.39. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24.
About PLDT
(
Get Free Report)
PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.
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