PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) Short Interest Up 1,308.7% in April

PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 2,099 shares, an increase of 1,308.7% from the April 15th total of 149 shares. Based on an average daily volume of 9,985 shares, the short-interest ratio is currently 0.2 days.

PT Bank Negara Indonesia (Persero) Tbk Price Performance

Shares of OTCMKTS PTBRY traded up $0.11 during mid-day trading on Monday, hitting $11.60. The company had a trading volume of 5,215 shares, compared to its average volume of 11,083. The firm has a 50-day simple moving average of $11.74 and a two-hundred day simple moving average of $12.89. PT Bank Negara Indonesia has a one year low of $10.05 and a one year high of $16.00.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded PT Bank Negara Indonesia (Persero) Tbk to a “hold” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, PT Bank Negara Indonesia (Persero) Tbk presently has an average rating of “Hold”.

PT Bank Negara Indonesia (Persero) Tbk Company Profile

PT Bank Negara Indonesia (Persero) Tbk, commonly known as BNI, is one of Indonesia’s oldest and largest state-owned commercial banks. Established in 1946 shortly after the country’s independence, BNI was originally tasked with financing the fledgling republic’s economic development. Over the decades, it has grown into a diversified financial institution offering an array of banking services for retail, small and medium-sized enterprises (SMEs), corporates and institutional clients.

BNI’s core business activities encompass corporate and commercial banking, consumer and retail lending, trade finance, treasury and cash management, as well as wealth management products.