PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) Short Interest Up 677.3% in June

PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY – Get Free Report) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 8,317 shares, a growth of 677.3% from the May 31st total of 1,070 shares. Based on an average daily volume of 35,055 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

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

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PT Bank Negara Indonesia (Persero) Tbk Trading Down 4.9%

Shares of OTCMKTS PTBRY traded down $0.46 during midday trading on Friday, hitting $8.85. The stock had a trading volume of 3,387 shares, compared to its average volume of 10,137. The business’s 50 day moving average is $10.72 and its 200-day moving average is $12.23. PT Bank Negara Indonesia has a 52 week low of $8.38 and a 52 week high of $15.49.

About PT Bank Negara Indonesia (Persero) Tbk

(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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