PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) Stock Short Interest Jumps 233.7%

PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 16,060 shares, an increase of 233.7% from the August 31st total of 4,812 shares. Based on an average daily trading volume, of 3,039 shares, the days-to-cover ratio is presently 5.3 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded PT Bank Negara Indonesia (Persero) Tbk from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

PT Bank Negara Indonesia (Persero) Tbk Stock Performance

OTCMKTS:PTBRY traded down $0.32 on Friday, hitting $9.78. The stock had a trading volume of 596 shares, compared to its average volume of 1,067. The company has a fifty day moving average price of $10.28 and a two-hundred day moving average price of $10.63. PT Bank Negara Indonesia has a 1-year low of $8.38 and a 1-year high of $14.99.

About PT Bank Negara Indonesia (Persero) Tbk

PT Bank Negara Indonesia (Persero) Tbk, commonly known as BNI, is an Indonesian state-owned commercial bank headquartered in Jakarta. Established in 1946, it is one of Indonesia’s largest banking institutions and provides financial services to individuals, businesses, corporations and government-related entities.

BNI’s services include savings and checking accounts, consumer and mortgage lending, credit cards, payments, remittances, commercial and corporate loans, trade finance, cash management, treasury services and investment-related banking.