PT Bank Central Asia Tbk (OTCMKTS:PBCRY) Sees Large Growth in Short Interest

PT Bank Central Asia Tbk (OTCMKTS:PBCRY) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 189,239 shares, a growth of 82.7% from the June 30th total of 103,602 shares. Based on an average daily trading volume, of 1,720,715 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded PT Bank Central Asia Tbk to a “hold” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

PT Bank Central Asia Tbk Stock Performance

Shares of PBCRY traded down $0.16 during trading hours on Friday, hitting $8.65. The stock had a trading volume of 166,199 shares, compared to its average volume of 371,212. The firm has a 50-day moving average price of $8.33 and a 200 day moving average price of $9.49. PT Bank Central Asia Tbk has a fifty-two week low of $6.64 and a fifty-two week high of $14.14.

About PT Bank Central Asia Tbk

PT Bank Central Asia Tbk, commonly known as Bank BCA, is one of Indonesia’s leading banking institutions. Established in 1957 and headquartered in Jakarta, the bank provides a comprehensive range of financial products and services to retail, small and medium-sized enterprises (SMEs), and corporate clients. Bank BCA is listed on the Indonesia Stock Exchange under the ticker BBCA and trades in the United States through American Depositary Receipts on the OTC Markets under the symbol PBCRY.

The bank’s core business activities span consumer banking, SME and corporate lending, treasury operations, and transaction banking.