Short Interest in PT Bank Central Asia Tbk (OTCMKTS:PBCRY) Declines By 57.3%

PT Bank Central Asia Tbk (OTCMKTS:PBCRY) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 47,077 shares, a drop of 57.3% from the May 14th total of 110,130 shares. Based on an average daily trading volume, of 737,457 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of PT Bank Central Asia Tbk to a “hold” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

PT Bank Central Asia Tbk Trading Up 2.6%

PBCRY traded up $0.21 during trading on Friday, hitting $8.24. 303,543 shares of the stock were exchanged, compared to its average volume of 309,789. PT Bank Central Asia Tbk has a 1-year low of $6.64 and a 1-year high of $14.21. The stock has a fifty day moving average price of $8.69 and a two-hundred day moving average price of $10.39.

PT Bank Central Asia Tbk Company Profile

PT Bank Central Asia Tbk, commonly known as Bank BCA, is one of Indonesia’s leading banking institutions. Established in 1957 and headquartered in Jakarta, the bank provides a comprehensive range of financial products and services to retail, small and medium-sized enterprises (SMEs), and corporate clients. Bank BCA is listed on the Indonesia Stock Exchange under the ticker BBCA and trades in the United States through American Depositary Receipts on the OTC Markets under the symbol PBCRY.

The bank’s core business activities span consumer banking, SME and corporate lending, treasury operations, and transaction banking.