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.
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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