PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) Short Interest Up 572.3% in August

PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 4,370 shares, a growth of 572.3% from the August 15th total of 650 shares. Based on an average daily volume of 1,323 shares, the days-to-cover ratio is currently 3.3 days.

PT Semen Indonesia (Persero) Tbk Stock Up 4.0%

PT Semen Indonesia (Persero) Tbk stock traded up $0.08 during midday trading on Friday, reaching $2.06. The stock had a trading volume of 12,010 shares, compared to its average volume of 2,067. The firm’s fifty day simple moving average is $1.67 and its 200-day simple moving average is $2.22. PT Semen Indonesia has a 1-year low of $1.50 and a 1-year high of $3.42.

About PT Semen Indonesia (Persero) Tbk

PT Semen Indonesia (Persero) Tbk is Indonesia’s first cement producer, founded in 1957 as NV Semen Gresik and later converted into a state-owned perseroan terbatas under the Ministry of State-Owned Enterprises. The company operates as an integrated building materials group, manufacturing a diverse range of cement products, including ordinary Portland cement, composite cement and specialty cement grades designed for various construction applications.

Headquartered in Gresik, East Java, PT Semen Indonesia maintains production facilities across multiple regions in Indonesia.