Short Interest in PT Astra International Tbk (OTCMKTS:PTAIY) Decreases By 53.5%

PT Astra International Tbk (OTCMKTS:PTAIY) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 156,132 shares, a drop of 53.5% from the January 29th total of 335,734 shares. Based on an average daily trading volume, of 459,393 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 459,393 shares, the days-to-cover ratio is currently 0.3 days.

PT Astra International Tbk Price Performance

Shares of OTCMKTS PTAIY opened at $8.30 on Friday. PT Astra International Tbk has a 52-week low of $5.15 and a 52-week high of $8.79. The business has a fifty day moving average of $8.13 and a two-hundred day moving average of $7.61.

PT Astra International Tbk Company Profile

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.