Short Interest in PT Bank Central Asia Tbk (OTCMKTS:PBCRY) Decreases By 87.3%

PT Bank Central Asia Tbk (OTCMKTS:PBCRY) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 23,951 shares, a drop of 87.3% from the July 15th total of 189,239 shares. Based on an average daily volume of 570,365 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded PT Bank Central Asia Tbk to a “hold” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

PT Bank Central Asia Tbk Stock Performance

OTCMKTS:PBCRY traded up $0.00 during trading hours on Friday, hitting $8.80. The company had a trading volume of 34,819 shares, compared to its average volume of 354,915. The stock has a 50-day moving average price of $8.46 and a 200 day moving average price of $9.29. PT Bank Central Asia Tbk has a 52 week low of $6.64 and a 52 week high of $13.60.

PT Bank Central Asia Tbk Company Profile

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.