PT United Tractors Tbk (OTCMKTS:PUTKY) Sees Significant Decline in Short Interest

PT United Tractors Tbk (OTCMKTS:PUTKY) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 20,014 shares, a decline of 41.6% from the May 14th total of 34,268 shares. Based on an average daily trading volume, of 65,123 shares, the days-to-cover ratio is presently 0.3 days.

PT United Tractors Tbk Price Performance

PUTKY traded down $0.09 during trading on Monday, hitting $25.80. The company’s stock had a trading volume of 35,031 shares, compared to its average volume of 19,061. PT United Tractors Tbk has a twelve month low of $23.18 and a twelve month high of $39.00. The stock’s fifty day moving average price is $31.84 and its 200-day moving average price is $34.07.

About PT United Tractors Tbk

PT United Tractors Tbk (OTCMKTS:PUTKY) is one of Indonesia’s leading heavy equipment distributors and mining contractors. Established in 1972 and headquartered in Jakarta, the company operates as a core subsidiary of the Astra International group. United Tractors’ primary activities encompass the distribution and sales of a wide range of construction and mining machinery, including Komatsu-branded excavators, bulldozers and haul trucks, as well as other reputable global equipment brands.

In addition to equipment sales, United Tractors has developed a substantial mining services division through its subsidiary PT Pamapersada Nusantara, which provides contract mining solutions for coal and mineral extraction projects across Indonesia.