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

PT United Tractors Tbk (OTCMKTS:PUTKY) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 400 shares, an increase 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 PUTKY traded down $1.00 during midday trading on Monday, reaching $27.09. The stock had a trading volume of 10,838 shares, compared to its average volume of 15,251. The company’s fifty day simple moving average is $29.45 and its two-hundred day simple moving average is $32.38. PT United Tractors Tbk has a 1-year low of $25.76 and a 1-year high of $37.54.

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.