PT United Tractors Tbk (OTCMKTS:PUTKY) Short Interest Down 29.2% in February

PT United Tractors Tbk (OTCMKTS:PUTKY) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 17,833 shares, a decrease of 29.2% from the February 12th total of 25,183 shares. Based on an average trading volume of 27,508 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 27,508 shares, the days-to-cover ratio is currently 0.6 days.

PT United Tractors Tbk Trading Down 1.5%

OTCMKTS PUTKY traded down $0.53 on Friday, hitting $34.66. 17,853 shares of the stock were exchanged, compared to its average volume of 12,530. The company’s 50-day moving average price is $35.05 and its two-hundred day moving average price is $33.91. PT United Tractors Tbk has a 52-week low of $23.33 and a 52-week high of $38.82.

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.