PT Astra International Tbk (OTCMKTS:PTAIY) Sees Significant Increase in Short Interest

PT Astra International Tbk (OTCMKTS:PTAIY) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 28,160 shares, a growth of 252.3% from the June 15th total of 7,993 shares. Based on an average daily trading volume, of 886,502 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered PT Astra International Tbk from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

PT Astra International Tbk Price Performance

Shares of PTAIY stock traded up $0.05 during trading hours on Tuesday, hitting $5.36. The stock had a trading volume of 1,688,917 shares, compared to its average volume of 217,907. PT Astra International Tbk has a twelve month low of $5.02 and a twelve month high of $8.79. The firm has a market capitalization of $10.85 billion and a PE ratio of 0.00. The stock’s 50 day moving average is $5.92 and its 200 day moving average is $7.12.

PT Astra International Tbk Company Profile

PT Astra International Tbk is a leading Indonesian diversified conglomerate with interests spanning automotive, financial services, heavy equipment, agribusiness, infrastructure, logistics, information technology, and property. Founded in 1957 and headquartered in Jakarta, the company established itself early as the exclusive distributor of Toyota vehicles in Indonesia, a relationship that remains a cornerstone of its automotive business. Over the decades, Astra has expanded its product and service offerings through strategic partnerships and joint ventures with global firms, solidifying its position in several key sectors of the Indonesian economy.

The company’s automotive segment encompasses the distribution and retail of passenger cars, commercial vehicles, motorcycles, and component manufacturing.