PT Astra International Tbk (OTCMKTS:PTAIY) Short Interest Up 58.0% in March

PT Astra International Tbk (OTCMKTS:PTAIY) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 59,518 shares, a growth of 58.0% from the February 26th total of 37,658 shares. Based on an average daily trading volume, of 265,038 shares, the days-to-cover ratio is presently 0.2 days.

PT Astra International Tbk Trading Down 5.9%

Shares of PTAIY opened at $7.36 on Friday. The firm has a 50-day simple moving average of $7.76 and a two-hundred day simple moving average of $7.67. PT Astra International Tbk has a 1-year low of $5.15 and a 1-year high of $8.79.

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.