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

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

Analyst Upgrades and Downgrades

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

PT Astra International Tbk Stock Down 2.1%

Shares of PT Astra International Tbk stock traded down $0.12 during trading on Wednesday, hitting $5.39. 87,878 shares of the stock were exchanged, compared to its average volume of 206,759. The company has a fifty day moving average price of $5.49 and a 200-day moving average price of $6.26. PT Astra International Tbk has a 1-year low of $5.02 and a 1-year high of $8.79.

About PT Astra International Tbk

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.