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

PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) saw a significant decrease in short interest in June. As of June 15th, there was short interest totalling 4,300 shares, a decrease of 20.4% from the May 31st total of 5,400 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 21.5 days.

PT Semen Indonesia (Persero) Tbk Price Performance

OTCMKTS PSGTY opened at $4.32 on Friday. PT Semen Indonesia has a 52-week low of $4.18 and a 52-week high of $9.01. The business has a 50 day simple moving average of $5.60 and a 200 day simple moving average of $6.88.

PT Semen Indonesia (Persero) Tbk Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, May 20th were paid a dividend of $0.0743 per share. The ex-dividend date of this dividend was Friday, May 17th. PT Semen Indonesia (Persero) Tbk’s dividend payout ratio (DPR) is presently 31.74%.

About PT Semen Indonesia (Persero) Tbk

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.