Short Interest in PT Astra International Tbk (OTCMKTS:PTAIY) Declines By 48.2%

PT Astra International Tbk (OTCMKTS:PTAIY) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 14,590 shares, a decline of 48.2% from the June 30th total of 28,160 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 806,631 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of PT Astra International Tbk from a “strong sell” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

PT Astra International Tbk Price Performance

Shares of PT Astra International Tbk stock traded down $0.04 during trading hours on Thursday, reaching $5.45. The company had a trading volume of 117,434 shares, compared to its average volume of 222,021. PT Astra International Tbk has a one year low of $5.02 and a one year high of $8.79. The business has a fifty day simple moving average of $5.56 and a 200 day simple moving average of $6.90. The firm has a market cap of $11.03 billion and a PE ratio of 0.00.

About PT Astra International Tbk

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.