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

PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 8,317 shares, a growth of 677.3% from the May 31st total of 1,070 shares. Based on an average daily volume of 35,055 shares, the days-to-cover ratio is presently 0.2 days.

PT Bank Negara Indonesia (Persero) Tbk Stock Down 4.9%

Shares of OTCMKTS PTBRY opened at $8.85 on Friday. PT Bank Negara Indonesia has a 1 year low of $8.38 and a 1 year high of $15.49. The stock has a fifty day moving average price of $10.72 and a two-hundred day moving average price of $12.23.

Analyst Ratings Changes

Separately, Zacks Research raised shares of PT Bank Negara Indonesia (Persero) Tbk to a “hold” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

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.