Short Interest in PT United Tractors Tbk (OTCMKTS:PUTKY) Rises By 83.0%

PT United Tractors Tbk (OTCMKTS:PUTKY) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 72,756 shares, a growth of 83.0% from the June 30th total of 39,760 shares. Based on an average daily volume of 93,039 shares, the days-to-cover ratio is currently 0.8 days.

PT United Tractors Tbk Stock Performance

PUTKY traded down $0.04 on Thursday, hitting $27.09. The company had a trading volume of 3,874 shares, compared to its average volume of 26,250. PT United Tractors Tbk has a 52-week low of $23.18 and a 52-week high of $39.00. The stock has a fifty day simple moving average of $26.51 and a 200-day simple moving average of $32.05.

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.