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

PT Bank Central Asia Tbk (OTCMKTS:PBCRY) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 103,602 shares, an increase of 678.9% from the June 15th total of 13,301 shares. Based on an average trading volume of 1,325,955 shares, the days-to-cover ratio is currently 0.1 days.

PT Bank Central Asia Tbk Price Performance

Shares of OTCMKTS PBCRY traded up $0.02 during mid-day trading on Friday, hitting $8.54. The stock had a trading volume of 498,515 shares, compared to its average volume of 371,312. The company has a 50 day moving average of $8.31 and a two-hundred day moving average of $9.83. PT Bank Central Asia Tbk has a twelve month low of $6.64 and a twelve month high of $14.14.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of PT Bank Central Asia Tbk to a “hold” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.