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

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

PT United Tractors Tbk Stock Down 1.0%

Shares of OTCMKTS PUTKY opened at $29.89 on Friday. PT United Tractors Tbk has a twelve month low of $23.18 and a twelve month high of $39.00. The stock has a fifty day simple moving average of $26.88 and a 200-day simple moving average of $32.57.

PT United Tractors Tbk Company Profile

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.