Short Interest in PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) Increases By 572.3%

PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 4,370 shares, a growth of 572.3% from the August 15th total of 650 shares. Based on an average daily volume of 1,323 shares, the days-to-cover ratio is currently 3.3 days.

PT Semen Indonesia (Persero) Tbk Stock Performance

Shares of OTCMKTS PSGTY opened at $2.06 on Friday. The stock’s 50-day moving average is $1.67 and its two-hundred day moving average is $2.22. PT Semen Indonesia has a 1-year low of $1.50 and a 1-year high of $3.42.

PT Semen Indonesia (Persero) Tbk Company Profile

PT Semen Indonesia (Persero) Tbk is Indonesia’s first cement producer, founded in 1957 as NV Semen Gresik and later converted into a state-owned perseroan terbatas under the Ministry of State-Owned Enterprises. The company operates as an integrated building materials group, manufacturing a diverse range of cement products, including ordinary Portland cement, composite cement and specialty cement grades designed for various construction applications.

Headquartered in Gresik, East Java, PT Semen Indonesia maintains production facilities across multiple regions in Indonesia.