PT Astra International Tbk (OTCMKTS:PTAIY) Sees Significant Drop in Short Interest

PT Astra International Tbk (OTCMKTS:PTAIY) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 86,518 shares, a decrease of 69.8% from the May 14th total of 286,809 shares. Based on an average daily volume of 647,918 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of PT Astra International Tbk to a “hold” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, PT Astra International Tbk currently has an average rating of “Hold”.

PT Astra International Tbk Price Performance

Shares of PTAIY stock traded up $0.04 during trading hours on Thursday, reaching $5.34. 127,363 shares of the company were exchanged, compared to its average volume of 182,876. PT Astra International Tbk has a fifty-two week low of $5.02 and a fifty-two week high of $8.79. The stock’s fifty day moving average is $6.88 and its two-hundred day moving average is $7.53. The company has a market cap of $10.80 billion and a price-to-earnings ratio of 0.00.

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.