Short Interest in PT Bank Central Asia Tbk (OTCMKTS:PBCRY) Declines By 71.7%

PT Bank Central Asia Tbk (OTCMKTS:PBCRY) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 13,301 shares, a drop of 71.7% from the May 31st total of 47,077 shares. Based on an average daily trading volume, of 687,976 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised PT Bank Central Asia Tbk to a “hold” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, PT Bank Central Asia Tbk has a consensus rating of “Hold”.

PT Bank Central Asia Tbk Stock Performance

Shares of OTCMKTS PBCRY traded up $0.19 during trading on Friday, hitting $8.57. The stock had a trading volume of 173,338 shares, compared to its average volume of 340,668. PT Bank Central Asia Tbk has a 12 month low of $6.64 and a 12 month high of $14.14. The firm has a fifty day moving average of $8.48 and a two-hundred day moving average of $10.11.

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.