PT Astra International Tbk (OTCMKTS:PTAIY) Sees Significant Decrease in Short Interest

PT Astra International Tbk (OTCMKTS:PTAIY) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 9,133 shares, a drop of 48.7% from the August 15th total of 17,815 shares. Based on an average daily trading volume, of 304,907 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

PT Astra International Tbk Trading Up 1.3%

Shares of PTAIY opened at $5.63 on Tuesday. PT Astra International Tbk has a 52 week low of $5.02 and a 52 week high of $8.79. The firm’s 50-day simple moving average is $5.49 and its 200 day simple moving average is $6.28.

Analyst Ratings Changes

Separately, Zacks Research raised PT Astra International Tbk from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

PT Astra International Tbk Company Profile

PT Astra International Tbk is an Indonesian diversified conglomerate founded in 1957. The company operates through a broad portfolio of businesses serving consumers, businesses and infrastructure projects across Indonesia, with selected activities and partnerships extending into other markets.

Astra’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.