PT Bank Central Asia Tbk (OTCMKTS:PBCRY) Sees Large Increase in Short Interest

PT Bank Central Asia Tbk (OTCMKTS:PBCRY) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 103,602 shares, an increase of 678.9% from the June 15th total of 13,301 shares. Based on an average daily trading volume, of 1,325,955 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of PT Bank Central Asia Tbk to a “hold” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

PT Bank Central Asia Tbk Stock Up 1.2%

Shares of PT Bank Central Asia Tbk stock opened at $8.62 on Monday. PT Bank Central Asia Tbk has a 52-week low of $6.64 and a 52-week high of $14.14. The company has a fifty day moving average of $8.31 and a 200-day moving average of $9.82.

About PT Bank Central Asia Tbk

PT Bank Central Asia Tbk, commonly known as Bank BCA, is one of Indonesia’s leading banking institutions. Established in 1957 and headquartered in Jakarta, the bank provides a comprehensive range of financial products and services to retail, small and medium-sized enterprises (SMEs), and corporate clients. Bank BCA is listed on the Indonesia Stock Exchange under the ticker BBCA and trades in the United States through American Depositary Receipts on the OTC Markets under the symbol PBCRY.

The bank’s core business activities span consumer banking, SME and corporate lending, treasury operations, and transaction banking.