PT Astra International Tbk (OTCMKTS:PTAIY) Short Interest Up 235.3% in March

PT Astra International Tbk (OTCMKTS:PTAIY) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 199,567 shares, a growth of 235.3% from the March 15th total of 59,518 shares. Based on an average daily trading volume, of 226,992 shares, the days-to-cover ratio is presently 0.9 days.

PT Astra International Tbk Stock Down 1.6%

PTAIY stock traded down $0.12 during mid-day trading on Monday, reaching $7.38. 117,688 shares of the company traded hands, compared to its average volume of 121,693. PT Astra International Tbk has a 52-week low of $5.30 and a 52-week high of $8.79. The company has a fifty day moving average price of $7.62 and a 200-day moving average price of $7.72.

About PT Astra International Tbk

PT Astra International Tbk is a leading Indonesian diversified conglomerate with interests spanning automotive, financial services, heavy equipment, agribusiness, infrastructure, logistics, information technology, and property. Founded in 1957 and headquartered in Jakarta, the company established itself early as the exclusive distributor of Toyota vehicles in Indonesia, a relationship that remains a cornerstone of its automotive business. Over the decades, Astra has expanded its product and service offerings through strategic partnerships and joint ventures with global firms, solidifying its position in several key sectors of the Indonesian economy.

The company’s automotive segment encompasses the distribution and retail of passenger cars, commercial vehicles, motorcycles, and component manufacturing.