PT Astra International Tbk (OTCMKTS:PTAIY) Short Interest Down 69.8% in May

PT Astra International Tbk (OTCMKTS:PTAIY) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 86,518 shares, a decrease of 69.8% from the May 14th total of 286,809 shares. Based on an average daily trading volume, of 647,918 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

PT Astra International Tbk Stock Up 0.7%

PT Astra International Tbk stock traded up $0.04 during midday trading on Thursday, hitting $5.34. 127,363 shares of the stock were exchanged, compared to its average volume of 182,876. The stock has a market capitalization of $10.80 billion and a PE ratio of 0.00. The company has a fifty day simple moving average of $6.88 and a two-hundred day simple moving average of $7.53. PT Astra International Tbk has a 52 week low of $5.02 and a 52 week high of $8.79.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of PT Astra International Tbk to a “hold” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

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.