Short Interest in PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) Rises By 1,087.0%

PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,092 shares, an increase of 1,087.0% from the January 15th total of 92 shares. Based on an average daily volume of 213 shares, the days-to-cover ratio is presently 5.1 days. Based on an average daily volume of 213 shares, the days-to-cover ratio is presently 5.1 days.

PT Semen Indonesia (Persero) Tbk Stock Performance

OTCMKTS:PSGTY remained flat at $3.11 during midday trading on Wednesday. The company’s 50 day moving average price is $3.24 and its 200 day moving average price is $3.11. PT Semen Indonesia has a fifty-two week low of $3.11 and a fifty-two week 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.