PT Astra International Tbk (OTCMKTS:PTAIY) Short Interest Up 591.0% in July

PT Astra International Tbk (OTCMKTS:PTAIY) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 100,820 shares, a growth of 591.0% from the July 15th total of 14,590 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 458,133 shares, the short-interest ratio is presently 0.2 days.

PT Astra International Tbk Stock Performance

Shares of PT Astra International Tbk stock opened at $5.33 on Friday. PT Astra International Tbk has a fifty-two week low of $5.02 and a fifty-two week high of $8.79. The company’s 50 day moving average price is $5.44 and its two-hundred day moving average price is $6.68.

Wall Street Analysts Forecast Growth

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, Based on data from MarketBeat.com, PT Astra International Tbk presently has an average rating of “Hold”.

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.