Short Interest in PT Bank Central Asia Tbk (OTCMKTS:PBCRY) Decreases By 81.2%

PT Bank Central Asia Tbk (OTCMKTS:PBCRY) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 55,067 shares, a drop of 81.2% from the April 15th total of 292,626 shares. Based on an average daily volume of 540,965 shares, the short-interest ratio is presently 0.1 days.

PT Bank Central Asia Tbk Stock Down 1.5%

Shares of PT Bank Central Asia Tbk stock traded down $0.13 on Tuesday, hitting $8.64. The company had a trading volume of 292,453 shares, compared to its average volume of 290,789. PT Bank Central Asia Tbk has a twelve month low of $8.34 and a twelve month high of $15.23. The stock has a 50-day moving average of $9.65 and a 200-day moving average of $11.15.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of PT Bank Central Asia Tbk to a “hold” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.