PT Bank Rakyat Indonesia (Persero) Tbk (OTCMKTS:BKRKF) Sees Large Increase in Short Interest

PT Bank Rakyat Indonesia (Persero) Tbk (OTCMKTS:BKRKF) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 674,958 shares, a growth of 3,749,666.7% from the September 30th total of 18 shares. Based on an average daily trading volume, of 9,296 shares, the days-to-cover ratio is presently 72.6 days.

PT Bank Rakyat Indonesia (Persero) Tbk Price Performance

Shares of PT Bank Rakyat Indonesia (Persero) Tbk stock remained flat at $0.17 on Monday. The firm has a 50-day simple moving average of $0.18 and a 200 day simple moving average of $0.17. PT Bank Rakyat Indonesia has a 12-month low of $0.13 and a 12-month high of $0.27.

PT Bank Rakyat Indonesia (Persero) Tbk Company Profile

PT Bank Rakyat Indonesia (Persero) Tbk, commonly known as Bank Rakyat Indonesia or BRI, is an Indonesian state-owned financial institution focused primarily on serving micro, small and medium-sized enterprises (MSMEs), as well as retail, commercial and corporate customers. The bank provides savings and current accounts, consumer and business lending, working-capital and investment loans, payment services, treasury products and other conventional banking services.

BRI distributes its products through a broad network of branches, smaller service outlets, agents and digital banking platforms across Indonesia.