PT Astra International Tbk (OTCMKTS:PTAIY) Shares Shorted: Short Interest Up 92.6% in October

PT Astra International Tbk (OTCMKTS:PTAIY) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 200,392 shares, an increase of 92.6% from the September 30th total of 104,039 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 392,895 shares, the days-to-cover ratio is currently 0.5 days.

Analysts Set New Price Targets

Separately, Zacks Research lowered PT Astra International Tbk from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 24th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, PT Astra International Tbk has a consensus rating of “Sell”.

PT Astra International Tbk Price Performance

Shares of OTCMKTS:PTAIY traded up $0.06 during trading on Monday, reaching $5.35. 182,150 shares of the company’s stock traded hands, compared to its average volume of 217,301. PT Astra International Tbk has a 12 month low of $4.60 and a 12 month high of $8.79. The company has a 50 day moving average of $5.30 and a 200-day moving average of $6.37.

PT Astra International Tbk Company Profile

PT Astra International Tbk is an Indonesian diversified conglomerate founded in 1957. Through a portfolio of subsidiaries, joint ventures, and affiliated companies, Astra operates across several sectors of the Indonesian economy and serves consumers, businesses, and industrial customers throughout the country.

The company’s principal activities include automotive manufacturing, distribution, and retail; financial services; heavy equipment, mining, construction, and energy; agribusiness; infrastructure and logistics; information technology; and property development.