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

PT Astra International Tbk (OTCMKTS:PTAIY) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 14,590 shares, a decrease of 48.2% from the June 30th total of 28,160 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 806,631 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of PT Astra International Tbk from a “strong sell” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

PT Astra International Tbk Stock Down 0.2%

PTAIY traded down $0.01 on Wednesday, hitting $5.55. The company’s stock had a trading volume of 69,440 shares, compared to its average volume of 222,269. PT Astra International Tbk has a 12 month low of $5.02 and a 12 month high of $8.79. The firm has a market cap of $11.23 billion and a P/E ratio of 0.00. The company’s 50 day simple moving average is $5.59 and its 200-day simple moving average is $6.92.

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.