PT Astra International Tbk (OTCMKTS:PTAIY) Short Interest Down 48.2% in July

PT Astra International Tbk (OTCMKTS:PTAIY) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 14,590 shares, a decrease of 48.2% from the June 30th total of 28,160 shares. Based on an average daily trading volume, of 806,631 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of PT Astra International Tbk from a “strong sell” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, PT Astra International Tbk currently has an average rating of “Hold”.

PT Astra International Tbk Stock Down 0.2%

Shares of OTCMKTS PTAIY traded down $0.01 during trading on Wednesday, reaching $5.55. The company had a trading volume of 69,440 shares, compared to its average volume of 222,269. The stock has a market cap of $11.23 billion and a P/E ratio of 0.00. The company’s fifty day moving average price is $5.59 and its 200-day moving average price is $6.92. PT Astra International Tbk has a 12 month low of $5.02 and a 12 month high of $8.79.

About PT Astra International Tbk

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.