Short Interest in PT Bank Central Asia Tbk (OTCMKTS:PBCRY) Increases By 82.7%

PT Bank Central Asia Tbk (OTCMKTS:PBCRY) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 189,239 shares, a growth of 82.7% from the June 30th total of 103,602 shares. Based on an average daily trading volume, of 1,720,715 shares, the days-to-cover ratio is presently 0.1 days.

PT Bank Central Asia Tbk Price Performance

OTCMKTS PBCRY traded up $0.21 during trading hours on Thursday, hitting $8.82. The company had a trading volume of 190,259 shares, compared to its average volume of 372,274. PT Bank Central Asia Tbk has a fifty-two week low of $6.64 and a fifty-two week high of $14.14. The business has a fifty day simple moving average of $8.31 and a 200-day simple moving average of $9.51.

Analyst Ratings Changes

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

About PT Bank Central Asia Tbk

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.