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

PT Astra International Tbk (OTCMKTS:PTAIY) was the target of a large growth in short interest during 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. Based on an average daily volume of 303,254 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded PT Astra International Tbk from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, PT Astra International Tbk has a consensus rating of “Hold”.

PT Astra International Tbk Price Performance

PT Astra International Tbk stock opened at $5.24 on Friday. The company’s 50 day simple moving average is $5.47 and its 200 day simple moving average is $6.14. PT Astra International Tbk has a fifty-two week low of $5.02 and a fifty-two week high of $8.79.

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.