PT United Tractors Tbk (OTCMKTS:PUTKY) Short Interest Up 28.8% in March

PT United Tractors Tbk (OTCMKTS:PUTKY) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 42,769 shares, a growth of 28.8% from the March 15th total of 33,211 shares. Based on an average daily trading volume, of 27,921 shares, the days-to-cover ratio is presently 1.5 days.

PT United Tractors Tbk Stock Up 3.3%

PT United Tractors Tbk stock traded up $1.21 during trading on Friday, hitting $38.08. The company had a trading volume of 2,968 shares, compared to its average volume of 14,318. PT United Tractors Tbk has a 1-year low of $24.94 and a 1-year high of $38.82. The company’s 50 day simple moving average is $35.88 and its 200-day simple moving average is $34.63.

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.