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

PT Astra International Tbk (OTCMKTS:PTAIY) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 286,809 shares, a growth of 108.4% from the April 30th total of 137,606 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 506,511 shares, the days-to-cover ratio is presently 0.6 days.

PT Astra International Tbk Stock Performance

Shares of OTCMKTS:PTAIY opened at $5.97 on Monday. The firm has a market cap of $12.08 billion and a PE ratio of 0.00. PT Astra International Tbk has a 52 week low of $5.30 and a 52 week high of $8.79. The firm’s fifty day moving average is $7.17 and its 200-day moving average is $7.65.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of PT Astra International Tbk to a “hold” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

PT Astra International Tbk Company Profile

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.