Short Interest in PT Bank Central Asia Tbk (OTCMKTS:PBCRY) Drops By 87.3%

PT Bank Central Asia Tbk (OTCMKTS:PBCRY) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 23,951 shares, a drop of 87.3% from the July 15th total of 189,239 shares. Based on an average daily trading volume, of 570,365 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded PT Bank Central Asia Tbk to a “hold” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

PT Bank Central Asia Tbk Stock Performance

Shares of PBCRY opened at $8.73 on Wednesday. The business has a 50-day simple moving average of $8.41 and a two-hundred day simple moving average of $9.32. PT Bank Central Asia Tbk has a 52 week low of $6.64 and a 52 week high of $14.14.

PT Bank Central Asia Tbk Company Profile

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.