PT Astra International Tbk (OTCMKTS:PTAIY) Short Interest Up 591.0% in July

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

Wall Street Analyst Weigh In

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

PT Astra International Tbk Price Performance

OTCMKTS PTAIY traded down $0.09 on Thursday, reaching $5.33. The stock had a trading volume of 30,684 shares, compared to its average volume of 213,642. PT Astra International Tbk has a 12-month low of $5.02 and a 12-month high of $8.79. The business’s 50-day moving average price is $5.44 and its 200 day moving average price is $6.70.

PT Astra International Tbk Company Profile

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.