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

PT United Tractors Tbk (OTCMKTS:PUTKY) saw a significant increase in short interest in July. As of July 31st, there was short interest totalling 113,700 shares, an increase of 2,045.3% from the July 15th total of 5,300 shares. Based on an average daily volume of 36,400 shares, the days-to-cover ratio is presently 3.1 days.

PT United Tractors Tbk Price Performance

PT United Tractors Tbk stock traded down $0.09 during midday trading on Tuesday, hitting $32.03. 4,650 shares of the company’s stock were exchanged, compared to its average volume of 12,614. PT United Tractors Tbk has a 52-week low of $25.71 and a 52-week high of $37.51. The stock has a 50-day moving average price of $29.12 and a two-hundred day moving average price of $29.66.

About PT United Tractors Tbk

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.