PT United Tractors Tbk (OTCMKTS:PUTKY) Sees Large 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 15th, there was short interest totalling 400 shares, a growth of 33.3% from the February 28th total of 300 shares. Based on an average trading volume of 35,000 shares, the days-to-cover ratio is presently 0.0 days.

PT United Tractors Tbk Price Performance

Shares of OTCMKTS PUTKY traded down $0.67 during trading on Tuesday, hitting $27.15. 13,866 shares of the company traded hands, compared to its average volume of 15,228. The business’s fifty day moving average is $29.35 and its 200 day moving average is $32.32. PT United Tractors Tbk has a fifty-two week low of $25.76 and a fifty-two week high of $37.54.

PT United Tractors Tbk Company Profile

PT United Tractors Tbk, together with its subsidiaries, sells and rents heavy equipment in Indonesia. The company operates through six segments: Construction Machinery, Mining Contracting, Coal Mining, Gold and Other Mineral Mining, Construction Industry, and Energy. It also distributes heavy equipment, trucks, cranes, and busses under the Komatsu, UD Trucks, Scania, Bomag, Tadano, and United Tractors names to mining, agriculture, constructions, forestry, as well as material handling and transportation.