PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) Sees Large Drop in Short Interest

PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 715 shares, a decrease of 65.9% from the April 30th total of 2,099 shares. Based on an average daily trading volume, of 5,487 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised PT Bank Negara Indonesia (Persero) Tbk to a “hold” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

PT Bank Negara Indonesia (Persero) Tbk Stock Performance

Shares of PT Bank Negara Indonesia (Persero) Tbk stock traded down $0.63 on Friday, hitting $10.86. The stock had a trading volume of 4,001 shares, compared to its average volume of 9,774. The stock has a 50 day moving average of $11.31 and a 200 day moving average of $12.70. PT Bank Negara Indonesia has a twelve month low of $10.05 and a twelve month high of $16.00.

About PT Bank Negara Indonesia (Persero) Tbk

PT Bank Negara Indonesia (Persero) Tbk, commonly known as BNI, is one of Indonesia’s oldest and largest state-owned commercial banks. Established in 1946 shortly after the country’s independence, BNI was originally tasked with financing the fledgling republic’s economic development. Over the decades, it has grown into a diversified financial institution offering an array of banking services for retail, small and medium-sized enterprises (SMEs), corporates and institutional clients.

BNI’s core business activities encompass corporate and commercial banking, consumer and retail lending, trade finance, treasury and cash management, as well as wealth management products.