PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) Short Interest Up 45.0% in March

PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 1,583 shares, a growth of 45.0% from the February 26th total of 1,092 shares. Based on an average daily trading volume, of 302 shares, the days-to-cover ratio is currently 5.2 days.

PT Semen Indonesia (Persero) Tbk Stock Performance

PSGTY opened at $2.93 on Friday. PT Semen Indonesia has a fifty-two week low of $2.93 and a fifty-two week high of $3.42. The company’s 50-day moving average is $3.11 and its 200 day moving average is $3.16.

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.