PT Astra International Tbk (OTCMKTS:PTAIY) Shares Shorted: Short Interest Up 92.6% in October

PT Astra International Tbk (OTCMKTS:PTAIY) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 200,392 shares, a growth of 92.6% from the September 30th total of 104,039 shares. Based on an average daily trading volume, of 392,895 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of PT Astra International Tbk from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has an average rating of “Sell”.

PT Astra International Tbk Stock Performance

OTCMKTS PTAIY opened at $5.29 on Friday. The company’s fifty day moving average is $5.30 and its two-hundred day moving average is $6.37. PT Astra International Tbk has a 52-week low of $4.60 and a 52-week high of $8.79.

PT Astra International Tbk Company Profile

PT Astra International Tbk is an Indonesian diversified conglomerate founded in 1957. Through a portfolio of subsidiaries, joint ventures, and affiliated companies, Astra operates across several sectors of the Indonesian economy and serves consumers, businesses, and industrial customers throughout the country.

The company’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 development.