PT Astra International Tbk (OTCMKTS:PTAIY) Sees Significant Decline in Short Interest

PT Astra International Tbk (OTCMKTS:PTAIY) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 17,815 shares, a decline of 82.3% from the July 30th total of 100,820 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 174,067 shares, the days-to-cover ratio is currently 0.1 days.

PT Astra International Tbk Price Performance

Shares of OTCMKTS:PTAIY opened at $5.40 on Friday. PT Astra International Tbk has a 1 year low of $5.02 and a 1 year high of $8.79. The business’s 50 day simple moving average is $5.44 and its 200 day simple moving average is $6.50.

Analyst Ratings Changes

Separately, Zacks Research raised 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, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

PT Astra International Tbk Company Profile

PT Astra International Tbk is a leading Indonesian diversified conglomerate with interests spanning automotive, financial services, heavy equipment, agribusiness, infrastructure, logistics, information technology, and property. Founded in 1957 and headquartered in Jakarta, the company established itself early as the exclusive distributor of Toyota vehicles in Indonesia, a relationship that remains a cornerstone of its automotive business. Over the decades, Astra has expanded its product and service offerings through strategic partnerships and joint ventures with global firms, solidifying its position in several key sectors of the Indonesian economy.

The company’s automotive segment encompasses the distribution and retail of passenger cars, commercial vehicles, motorcycles, and component manufacturing.