PT Astra International Tbk (OTCMKTS:PTAIY) Sees Large Growth in Short Interest

PT Astra International Tbk (OTCMKTS:PTAIY) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 286,809 shares, an increase of 108.4% from the April 30th total of 137,606 shares. Based on an average daily volume of 506,511 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the stock are sold short.

PT Astra International Tbk Price Performance

PTAIY stock traded down $0.22 during trading on Tuesday, hitting $5.70. The stock had a trading volume of 616,784 shares, compared to its average volume of 169,854. PT Astra International Tbk has a twelve month low of $5.30 and a twelve month high of $8.79. The stock has a market capitalization of $11.54 billion and a P/E ratio of 0.00. The company’s 50-day moving average price is $7.15 and its two-hundred day moving average price is $7.64.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded PT Astra International Tbk to a “hold” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, PT Astra International Tbk 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.