PT Astra International Tbk (OTCMKTS:PTAIY) Short Interest Update

PT Astra International Tbk (OTCMKTS:PTAIY) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 100,820 shares, a growth of 591.0% from the July 15th total of 14,590 shares. Based on an average daily trading volume, of 458,133 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of PT Astra International Tbk from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

PT Astra International Tbk Price Performance

Shares of PTAIY stock opened at $5.39 on Wednesday. PT Astra International Tbk has a 52-week low of $5.02 and a 52-week high of $8.79. The company’s 50 day moving average is $5.44 and its 200 day moving average is $6.72.

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.