PT Bank Central Asia Tbk (OTCMKTS:PBCRY) Short Interest Update

PT Bank Central Asia Tbk (OTCMKTS:PBCRY) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 47,077 shares, a decline of 57.3% from the May 14th total of 110,130 shares. Based on an average trading volume of 737,457 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of PT Bank Central Asia Tbk to a “hold” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

PT Bank Central Asia Tbk Stock Up 2.8%

PT Bank Central Asia Tbk stock opened at $8.03 on Friday. PT Bank Central Asia Tbk has a fifty-two week low of $6.64 and a fifty-two week high of $14.21. The firm’s fifty day moving average price is $8.72 and its 200-day moving average price is $10.40.

About PT Bank Central Asia Tbk

PT Bank Central Asia Tbk, commonly known as Bank BCA, is one of Indonesia’s leading banking institutions. Established in 1957 and headquartered in Jakarta, the bank provides a comprehensive range of financial products and services to retail, small and medium-sized enterprises (SMEs), and corporate clients. Bank BCA is listed on the Indonesia Stock Exchange under the ticker BBCA and trades in the United States through American Depositary Receipts on the OTC Markets under the symbol PBCRY.

The bank’s core business activities span consumer banking, SME and corporate lending, treasury operations, and transaction banking.