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

PT Astra International Tbk (OTCMKTS:PTAIY) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 7,993 shares, a decline of 90.8% from the May 31st total of 86,518 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 739,822 shares, the short-interest ratio is presently 0.0 days.

PT Astra International Tbk Trading Up 5.0%

PTAIY traded up $0.26 during trading on Thursday, reaching $5.50. The stock had a trading volume of 247,656 shares, compared to its average volume of 205,134. The company has a market capitalization of $11.13 billion and a price-to-earnings ratio of 0.00. The stock’s 50 day moving average is $6.49 and its two-hundred day moving average is $7.35. PT Astra International Tbk has a one year low of $5.02 and a one year high of $8.79.

Analyst Ratings Changes

Separately, Zacks Research cut shares of PT Astra International Tbk from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

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.