PT Astra International Tbk (OTCMKTS:PTAIY) Shares Shorted: Short Interest Up 251.7% in September

PT Astra International Tbk (OTCMKTS:PTAIY) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 32,121 shares, a growth of 251.7% from the August 31st total of 9,133 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 303,254 shares, the short-interest ratio is currently 0.1 days.

PT Astra International Tbk Stock Performance

PTAIY stock traded down $0.08 during trading on Friday, hitting $5.24. 233,980 shares of the company’s stock traded hands, compared to its average volume of 147,166. PT Astra International Tbk has a 1 year low of $5.02 and a 1 year high of $8.79. The business has a fifty day simple moving average of $5.47 and a two-hundred day simple moving average of $6.14.

Analyst Upgrades and Downgrades

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

About PT Astra International Tbk

PT Astra International Tbk is an Indonesian diversified conglomerate founded in 1957. The company operates through a broad portfolio of businesses serving consumers, businesses and infrastructure projects across Indonesia, with selected activities and partnerships extending into other markets.

Astra’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.