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

PT United Tractors Tbk (OTCMKTS:PUTKY) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 13,000 shares, an increase of 400.0% from the May 15th total of 2,600 shares. Based on an average trading volume of 24,700 shares, the days-to-cover ratio is currently 0.5 days.

PT United Tractors Tbk Stock Performance

OTCMKTS PUTKY opened at $26.46 on Thursday. The company has a 50-day simple moving average of $26.49 and a two-hundred day simple moving average of $29.38. PT United Tractors Tbk has a 12-month low of $23.33 and a 12-month high of $37.54.

PT United Tractors Tbk Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be paid a $1.2834 dividend. This represents a dividend yield of 6.97%. The ex-dividend date of this dividend is Friday, May 9th. This is a positive change from PT United Tractors Tbk’s previous dividend of $0.66. PT United Tractors Tbk’s payout ratio is 0.01%.

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.