PT United Tractors Tbk (OTCMKTS:PUTKY) Sees Significant Increase in Short Interest

PT United Tractors Tbk (OTCMKTS:PUTKY) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 33,211 shares, a growth of 86.2% from the February 26th total of 17,833 shares. Based on an average trading volume of 32,411 shares, the short-interest ratio is presently 1.0 days.

PT United Tractors Tbk Price Performance

PUTKY stock opened at $37.20 on Friday. PT United Tractors Tbk has a 12 month low of $23.33 and a 12 month high of $38.82. The company has a 50-day moving average price of $34.71 and a 200 day moving average price of $34.20.

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.