PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) Sees Large Decline in Short Interest

PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 715 shares, a decrease of 65.9% from the April 30th total of 2,099 shares. Based on an average daily volume of 5,487 shares, the short-interest ratio is presently 0.1 days.

PT Bank Negara Indonesia (Persero) Tbk Stock Performance

PTBRY stock opened at $10.86 on Friday. The company’s 50 day moving average is $11.31 and its 200 day moving average is $12.70. PT Bank Negara Indonesia has a 1-year low of $10.05 and a 1-year high of $16.00.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of PT Bank Negara Indonesia (Persero) Tbk to a “hold” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

PT Bank Negara Indonesia (Persero) Tbk Company Profile

PT Bank Negara Indonesia (Persero) Tbk, commonly known as BNI, is one of Indonesia’s oldest and largest state-owned commercial banks. Established in 1946 shortly after the country’s independence, BNI was originally tasked with financing the fledgling republic’s economic development. Over the decades, it has grown into a diversified financial institution offering an array of banking services for retail, small and medium-sized enterprises (SMEs), corporates and institutional clients.

BNI’s core business activities encompass corporate and commercial banking, consumer and retail lending, trade finance, treasury and cash management, as well as wealth management products.