Short Interest in PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) Grows By 677.3%

PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 8,317 shares, a growth of 677.3% from the May 31st total of 1,070 shares. Based on an average trading volume of 35,055 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

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

PT Bank Negara Indonesia (Persero) Tbk Stock Performance

PT Bank Negara Indonesia (Persero) Tbk stock opened at $9.30 on Friday. PT Bank Negara Indonesia has a 12-month low of $8.38 and a 12-month high of $15.49. The firm has a 50-day moving average price of $10.76 and a 200-day moving average price of $12.25.

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.