PT Astra International Tbk (OTCMKTS:PTAIY) Short Interest Down 90.8% in June

PT Astra International Tbk (OTCMKTS:PTAIY) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 7,993 shares, a drop of 90.8% from the May 31st total of 86,518 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 739,822 shares, the short-interest ratio is currently 0.0 days.

PT Astra International Tbk Stock Up 5.0%

Shares of PTAIY traded up $0.26 during mid-day trading on Thursday, hitting $5.50. 247,656 shares of the company’s stock traded hands, compared to its average volume of 205,134. PT Astra International Tbk has a 1 year low of $5.02 and a 1 year high of $8.79. The firm has a market capitalization of $11.13 billion and a P/E ratio of 0.00. The business’s 50-day moving average price is $6.49 and its 200-day moving average price is $7.35.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of PT Astra International Tbk from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About PT Astra International Tbk

PT Astra International Tbk is a leading Indonesian diversified conglomerate with interests spanning automotive, financial services, heavy equipment, agribusiness, infrastructure, logistics, information technology, and property. Founded in 1957 and headquartered in Jakarta, the company established itself early as the exclusive distributor of Toyota vehicles in Indonesia, a relationship that remains a cornerstone of its automotive business. Over the decades, Astra has expanded its product and service offerings through strategic partnerships and joint ventures with global firms, solidifying its position in several key sectors of the Indonesian economy.

The company’s automotive segment encompasses the distribution and retail of passenger cars, commercial vehicles, motorcycles, and component manufacturing.