Short Interest in PT Astra International Tbk (OTCMKTS:PTAIY) Expands By 1,717.0%

PT Astra International Tbk (OTCMKTS:PTAIY) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 335,734 shares, an increase of 1,717.0% from the January 15th total of 18,477 shares. Based on an average trading volume of 271,848 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 271,848 shares, the days-to-cover ratio is presently 1.2 days.

PT Astra International Tbk Trading Up 1.0%

PTAIY stock traded up $0.08 during midday trading on Wednesday, reaching $8.19. 582,965 shares of the company traded hands, compared to its average volume of 130,194. PT Astra International Tbk has a 52-week low of $5.15 and a 52-week high of $8.79. The business has a 50 day moving average of $8.08 and a 200-day moving average of $7.44.

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.