PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) Short Interest Up 572.3% in August

PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 4,370 shares, an increase of 572.3% from the August 15th total of 650 shares. Based on an average daily volume of 1,323 shares, the days-to-cover ratio is currently 3.3 days.

PT Semen Indonesia (Persero) Tbk Stock Performance

PT Semen Indonesia (Persero) Tbk stock opened at $1.98 on Friday. The firm’s fifty day moving average is $1.66 and its 200 day moving average is $2.22. PT Semen Indonesia has a 12-month low of $1.50 and a 12-month high of $3.42.

PT Semen Indonesia (Persero) Tbk Company Profile

PT Semen Indonesia (Persero) Tbk is Indonesia’s first cement producer, founded in 1957 as NV Semen Gresik and later converted into a state-owned perseroan terbatas under the Ministry of State-Owned Enterprises. The company operates as an integrated building materials group, manufacturing a diverse range of cement products, including ordinary Portland cement, composite cement and specialty cement grades designed for various construction applications.

Headquartered in Gresik, East Java, PT Semen Indonesia maintains production facilities across multiple regions in Indonesia.