PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) Stock Short Interest Jumps 233.7%

PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 16,060 shares, an increase of 233.7% from the August 31st total of 4,812 shares. Based on an average daily trading volume, of 3,039 shares, the days-to-cover ratio is currently 5.3 days.

PT Bank Negara Indonesia (Persero) Tbk Stock Down 3.2%

OTCMKTS:PTBRY traded down $0.32 during trading hours on Friday, hitting $9.78. 596 shares of the company’s stock traded hands, compared to its average volume of 1,067. PT Bank Negara Indonesia has a twelve month low of $8.38 and a twelve month high of $14.99. The stock’s fifty day moving average price is $10.28 and its two-hundred day moving average price is $10.63.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of PT Bank Negara Indonesia (Persero) Tbk from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

PT Bank Negara Indonesia (Persero) Tbk Company Profile

PT Bank Negara Indonesia (Persero) Tbk, commonly known as BNI, is an Indonesian state-owned commercial bank headquartered in Jakarta. Established in 1946, it is one of Indonesia’s largest banking institutions and provides financial services to individuals, businesses, corporations and government-related entities.

BNI’s services include savings and checking accounts, consumer and mortgage lending, credit cards, payments, remittances, commercial and corporate loans, trade finance, cash management, treasury services and investment-related banking.