PT Vale Indonesia Tbk (OTCMKTS:PTNDY) Stock Short Interest Rises 275.4%

PT Vale Indonesia Tbk (OTCMKTS:PTNDY) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 473 shares, an increase of 275.4% from the October 15th total of 126 shares. Based on an average trading volume of 162 shares, the short-interest ratio is presently 2.9 days.

PT Vale Indonesia Tbk Stock Performance

OTCMKTS:PTNDY remained flat at $10.19 on Thursday. The company’s stock had a trading volume of 67 shares, compared to its average volume of 376. PT Vale Indonesia Tbk has a 12-month low of $8.92 and a 12-month high of $16.00. The business has a 50 day moving average of $12.50 and a 200-day moving average of $15.59.

PT Vale Indonesia Tbk Company Profile

PT Vale Indonesia Tbk is an Indonesian nickel mining and processing company. Its operations include mining lateritic nickel ore and processing it into nickel matte, an intermediate product used in the production of nickel and other materials. The company’s principal operating site is in Sorowako, South Sulawesi, where it uses an integrated mining and processing operation. It also has nickel development projects in other parts of Indonesia, including Pomalaa in Southeast Sulawesi and Bahodopi in Central Sulawesi.