PT United Tractors Tbk (OTCMKTS:PUTKY) Sees Large Growth in Short Interest

PT United Tractors Tbk (OTCMKTS:PUTKY) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 39,760 shares, a growth of 81.2% from the June 15th total of 21,940 shares. Based on an average daily trading volume, of 137,354 shares, the days-to-cover ratio is presently 0.3 days.

PT United Tractors Tbk Price Performance

Shares of PUTKY opened at $29.65 on Friday. PT United Tractors Tbk has a fifty-two week low of $23.18 and a fifty-two week high of $39.00. The company’s 50-day moving average is $26.84 and its 200-day moving average is $32.55.

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.