PT Vale Indonesia Tbk (OTCMKTS:PTNDY) Short Interest Down 25.0% in March

PT Vale Indonesia Tbk (OTCMKTS:PTNDY) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 300 shares, a drop of 25.0% from the February 28th total of 400 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 3.0 days.

PT Vale Indonesia Tbk Price Performance

OTCMKTS:PTNDY opened at $7.33 on Friday. The company has a 50 day moving average price of $9.05 and a 200-day moving average price of $11.19. PT Vale Indonesia Tbk has a 1-year low of $7.33 and a 1-year high of $14.84.

PT Vale Indonesia Tbk Company Profile

PT Vale Indonesia Tbk engages in the mining and processing of nickel in Indonesia. It is also involved in the non-iron metal manufacturing industry. The company was formerly known as PT International Nickel Indonesia Tbk and changed its name to PT Vale Indonesia Tbk in September 2011. The company was incorporated in 1968 and is headquartered in Jakarta, Indonesia.