PT Astra International Tbk (OTCMKTS:PTAIY) Short Interest Update

PT Astra International Tbk (OTCMKTS:PTAIY) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 23,600 shares, an increase of 41.3% from the August 15th total of 16,700 shares. Based on an average trading volume of 59,100 shares, the days-to-cover ratio is presently 0.4 days.

Shares of OTCMKTS:PTAIY traded up $0.16 during midday trading on Monday, hitting $7.64. 356,700 shares of the stock were exchanged, compared to its average volume of 58,051. PT Astra International Tbk has a twelve month low of $5.90 and a twelve month high of $9.76. The company has a 50 day moving average price of $7.05 and a 200-day moving average price of $7.18.

Separately, JPMorgan Chase & Co. raised PT Astra International Tbk from a “neutral” rating to an “overweight” rating in a report on Friday, July 30th.

About PT Astra International Tbk

PT Astra International Tbk engages in the manufacture, assembly and distribution of automobiles, motorcycles and related spare parts. It operates through the following business segments: Automotive; Financial Services; Heavy Equipment, Mining, Construction, and Energy (HEMCE); Agribusiness; Infrastructure and Logistics; Information Technology; and Property.

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