PT Bank Central Asia Tbk (OTCMKTS:PBCRF) Sees Large Drop in Short Interest

PT Bank Central Asia Tbk (OTCMKTS:PBCRF) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 1,015 shares, a decrease of 99.1% from the September 15th total of 112,996 shares. Based on an average trading volume of 16,294 shares, the days-to-cover ratio is currently 0.1 days.

PT Bank Central Asia Tbk Stock Performance

PBCRF remained flat at $0.33 during midday trading on Friday. 86,835 shares of the company’s stock traded hands, compared to its average volume of 57,208. The stock’s 50 day simple moving average is $0.36 and its 200 day simple moving average is $0.35. PT Bank Central Asia Tbk has a 12-month low of $0.27 and a 12-month high of $0.55.

About PT Bank Central Asia Tbk

PT Bank Central Asia Tbk (BCA) is an Indonesian commercial bank headquartered in Jakarta. Founded in 1957, the bank provides financial services to individuals, small and medium-sized businesses, corporations and institutional customers across Indonesia.

BCA’s principal activities include accepting deposits and providing consumer, commercial and corporate loans. Its products and services include savings and current accounts, credit cards, mortgages, vehicle financing, working-capital facilities, investment and transaction banking, foreign-exchange services and cash-management solutions.

The bank also operates digital and electronic banking services through platforms such as myBCA, BCA mobile and KlikBCA, alongside its branch, ATM and payment networks.