PT Astra International Tbk (OTCMKTS:PTAIY – Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 17,815 shares, a decrease of 82.3% from the July 30th total of 100,820 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 174,067 shares, the short-interest ratio is presently 0.1 days.
PT Astra International Tbk Trading Down 0.4%
Shares of PTAIY stock traded down $0.02 on Thursday, reaching $5.38. 92,383 shares of the stock were exchanged, compared to its average volume of 211,417. PT Astra International Tbk has a one year low of $5.02 and a one year high of $8.79. The stock has a 50 day moving average price of $5.44 and a 200 day moving average price of $6.52.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded shares of PT Astra International Tbk from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.
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.
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