PT United Tractors Tbk (OTCMKTS:PUTKY) Sees Large Growth in Short Interest

PT United Tractors Tbk (OTCMKTS:PUTKY) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 30,445 shares, an increase of 196.1% from the January 15th total of 10,281 shares. Based on an average daily trading volume, of 20,463 shares, the short-interest ratio is currently 1.5 days. Based on an average daily trading volume, of 20,463 shares, the short-interest ratio is currently 1.5 days.

PT United Tractors Tbk Price Performance

Shares of PUTKY stock opened at $35.50 on Friday. The firm has a 50 day moving average of $34.94 and a two-hundred day moving average of $33.12. PT United Tractors Tbk has a 52 week low of $23.33 and a 52 week high of $38.82.

PT United Tractors Tbk Company Profile

PT United Tractors Tbk (OTCMKTS:PUTKY) is one of Indonesia’s leading heavy equipment distributors and mining contractors. Established in 1972 and headquartered in Jakarta, the company operates as a core subsidiary of the Astra International group. United Tractors’ primary activities encompass the distribution and sales of a wide range of construction and mining machinery, including Komatsu-branded excavators, bulldozers and haul trucks, as well as other reputable global equipment brands.

In addition to equipment sales, United Tractors has developed a substantial mining services division through its subsidiary PT Pamapersada Nusantara, which provides contract mining solutions for coal and mineral extraction projects across Indonesia.