PT Astra International Tbk (OTCMKTS:PTAIY) Short Interest Down 82.3% in August

PT Astra International Tbk (OTCMKTS:PTAIY) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 17,815 shares, a drop of 82.3% from the July 30th total of 100,820 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 174,067 shares, the days-to-cover ratio is presently 0.1 days.

PT Astra International Tbk Stock Performance

Shares of PT Astra International Tbk stock opened at $5.39 on Wednesday. The stock has a 50 day moving average price of $5.43 and a 200-day moving average price of $6.54. PT Astra International Tbk has a one year low of $5.02 and a one year high of $8.79.

Wall Street Analyst Weigh In

Separately, Zacks Research raised PT Astra International Tbk from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

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.