PT Bank Central Asia Tbk (OTCMKTS:PBCRY) Sees Significant Drop in Short Interest

PT Bank Central Asia Tbk (OTCMKTS:PBCRY) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 47,077 shares, a decline of 57.3% from the May 14th total of 110,130 shares. Based on an average daily volume of 737,457 shares, the days-to-cover 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 report on Tuesday, April 28th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

PT Bank Central Asia Tbk Price Performance

Shares of PBCRY opened at $8.24 on Friday. PT Bank Central Asia Tbk has a 12-month low of $6.64 and a 12-month high of $14.21. The firm has a 50-day moving average price of $8.69 and a 200 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.