PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) Sees Significant Decrease in Short Interest

PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 999 shares, a decline of 77.1% from the August 31st total of 4,370 shares. Based on an average daily trading volume, of 7,693 shares, the short-interest ratio is currently 0.1 days.

PT Semen Indonesia (Persero) Tbk Price Performance

Shares of OTCMKTS PSGTY traded down $0.04 during midday trading on Friday, hitting $1.72. 100 shares of the company’s stock were exchanged, compared to its average volume of 2,003. PT Semen Indonesia has a twelve month low of $1.50 and a twelve month high of $3.42. The firm’s fifty day simple moving average is $1.74 and its 200-day simple moving average is $2.13.

PT Semen Indonesia (Persero) Tbk Company Profile

PT Semen Indonesia (Persero) Tbk, also known as SIG, is an Indonesian state-owned building materials company and one of the country’s largest cement producers. The company manufactures and distributes cement for residential, commercial, infrastructure, and industrial construction projects.

In addition to cement, SIG offers related building materials and services, including ready-mix concrete, precast concrete, aggregates, and construction solutions. Its portfolio includes established Indonesian cement brands such as Semen Gresik, Semen Padang, and Semen Tonasa, serving customers through distribution networks across the Indonesian market.

The company traces its origins to the establishment of Semen Gresik in 1957.