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

PT Astra International Tbk (OTCMKTS:PTAIY) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 137,606 shares, a growth of 225.8% from the April 15th total of 42,236 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 316,556 shares, the short-interest ratio is currently 0.4 days.

PT Astra International Tbk Price Performance

Shares of PT Astra International Tbk stock traded up $0.00 on Friday, hitting $7.01. 28,995 shares of the company’s stock traded hands, compared to its average volume of 148,405. The company has a fifty day moving average of $7.30 and a two-hundred day moving average of $7.74. PT Astra International Tbk has a one year low of $5.30 and a one year high of $8.79. The company has a market capitalization of $14.19 billion and a price-to-earnings ratio of 0.00.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of PT Astra International Tbk to a “hold” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

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.