PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) Sees Large Decline in Short Interest

PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY – Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 715 shares, a decrease of 65.9% from the April 30th total of 2,099 shares. Based on an average daily trading volume, of 5,487 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded PT Bank Negara Indonesia (Persero) Tbk to a “hold” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, PT Bank Negara Indonesia (Persero) Tbk currently has a consensus rating of “Hold”.

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PT Bank Negara Indonesia (Persero) Tbk Trading Down 5.5%

Shares of PTBRY opened at $10.86 on Friday. The business’s 50-day moving average price is $11.31 and its 200-day moving average price is $12.70. PT Bank Negara Indonesia has a twelve month low of $10.05 and a twelve month high of $16.00.

PT Bank Negara Indonesia (Persero) Tbk Company Profile

(Get Free Report)

PT Bank Negara Indonesia (Persero) Tbk, commonly known as BNI, is one of Indonesia’s oldest and largest state-owned commercial banks. Established in 1946 shortly after the country’s independence, BNI was originally tasked with financing the fledgling republic’s economic development. Over the decades, it has grown into a diversified financial institution offering an array of banking services for retail, small and medium-sized enterprises (SMEs), corporates and institutional clients.

BNI’s core business activities encompass corporate and commercial banking, consumer and retail lending, trade finance, treasury and cash management, as well as wealth management products.

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