PT Perusahaan Gas Negara Tbk (OTCMKTS:PPAAF) Short Interest Update

PT Perusahaan Gas Negara Tbk (OTCMKTS:PPAAF) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 2,935 shares, a growth of 293,400.0% from the May 14th total of 1 shares. Based on an average daily trading volume, of 1,778 shares, the short-interest ratio is presently 1.7 days.

PT Perusahaan Gas Negara Tbk Stock Performance

PPAAF stock remained flat at $0.09 during trading on Tuesday. The company’s stock had a trading volume of 2,934 shares, compared to its average volume of 2,917. PT Perusahaan Gas Negara Tbk has a 1-year low of $0.09 and a 1-year high of $0.11. The company has a 50-day moving average price of $0.12 and a two-hundred day moving average price of $0.12.

About PT Perusahaan Gas Negara Tbk

PT Perusahaan Gas Negara Tbk (OTCMKTS: PPAAF) is Indonesia’s leading natural gas transportation and distribution company. As a state-controlled enterprise and subsidiary of PT Pertamina (Persero), PGN operates an extensive network of high-pressure transmission pipelines and low-pressure distribution systems. The company supplies natural gas to industrial, commercial and residential customers, while also providing related services such as gas metering, pipeline construction and maintenance, and the development of supporting gas infrastructure.

PGN’s core activities include the operation and expansion of gas transmission lines spanning thousands of kilometers across Java and Sumatra, as well as the management of underground gas storage facilities.