Short Interest in PT United Tractors Tbk (OTCMKTS:PUTKY) Expands By 196.1%

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

PT United Tractors Tbk Stock Down 1.7%

OTCMKTS:PUTKY traded down $0.63 during midday trading on Friday, hitting $35.47. The stock had a trading volume of 12,288 shares, compared to its average volume of 10,802. The stock has a 50-day moving average of $34.97 and a 200 day moving average of $33.08. PT United Tractors Tbk has a one year low of $23.33 and a one year high of $38.82.

About PT United Tractors Tbk

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.