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

PT Astra International Tbk (OTCMKTS:PTAIY) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 200,392 shares, a growth of 92.6% from the September 30th total of 104,039 shares. Based on an average daily volume of 392,895 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.

PT Astra International Tbk Trading Up 2.4%

Shares of OTCMKTS:PTAIY opened at $5.29 on Friday. PT Astra International Tbk has a 52-week low of $4.60 and a 52-week high of $8.79. The company has a 50-day simple moving average of $5.30 and a 200 day simple moving average of $6.37.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered PT Astra International Tbk from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 24th. One analyst has rated the stock with a Sell rating. According to MarketBeat, PT Astra International Tbk presently has an average rating of “Sell”.

About PT Astra International Tbk

PT Astra International Tbk is an Indonesian diversified conglomerate founded in 1957. Through a portfolio of subsidiaries, joint ventures, and affiliated companies, Astra operates across several sectors of the Indonesian economy and serves consumers, businesses, and industrial customers throughout the country.

The company’s principal activities include automotive manufacturing, distribution, and retail; financial services; heavy equipment, mining, construction, and energy; agribusiness; infrastructure and logistics; information technology; and property development.