PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) Sees Large Drop in Short Interest

PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 600 shares, a drop of 70.0% from the March 15th total of 2,000 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 1.5 days.

PT Semen Indonesia (Persero) Tbk Price Performance

PSGTY remained flat at $3.35 on Tuesday. The firm’s 50 day moving average is $3.12 and its 200-day moving average is $3.89. PT Semen Indonesia has a 52-week low of $2.38 and a 52-week high of $5.82.

PT Semen Indonesia (Persero) Tbk Company Profile

PT Semen Indonesia (Persero) Tbk manufactures, packs, and distributes cement in Indonesia and internationally. It operates through Cement Production and Non-Cement Production segments. The company is also involved in limestone and clay mining; cement bag manufacturing; industrial real estate development and building rental; ready-mix concrete and aggregates quarry production; and consulting, mining, trading, transportation, and construction activities.