PT Astra International Tbk (OTCMKTS:PTAIY) Short Interest Up 164.4% in September

PT Astra International Tbk (OTCMKTS:PTAIY) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 11,900 shares, a growth of 164.4% from the September 15th total of 4,500 shares. Based on an average daily trading volume, of 145,000 shares, the days-to-cover ratio is currently 0.1 days.

Separately, JPMorgan Chase & Co. upgraded shares of PT Astra International Tbk from a “neutral” rating to an “overweight” rating in a research report on Friday, July 30th.

Shares of PTAIY stock traded up $0.58 during trading hours on Thursday, reaching $8.95. 10,484 shares of the stock traded hands, compared to its average volume of 54,699. PT Astra International Tbk has a 1-year low of $6.21 and a 1-year high of $9.76. The business has a fifty day moving average price of $7.43 and a 200 day moving average price of $7.20.

The company also recently declared a dividend, which will be paid on Monday, November 15th. Stockholders of record on Monday, October 11th will be issued a dividend of $0.1845 per share. The ex-dividend date is Friday, October 8th. This represents a dividend yield of 2.5%.

About PT Astra International Tbk

PT Astra International Tbk engages in the manufacture, assembly and distribution of automobiles, motorcycles and related spare parts. It operates through the following business segments: Automotive; Financial Services; Heavy Equipment, Mining, Construction, and Energy (HEMCE); Agribusiness; Infrastructure and Logistics; Information Technology; and Property.

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