PT Vale Indonesia Tbk (OTCMKTS:PTNDY) Short Interest Up 33.3% in April

PT Vale Indonesia Tbk (OTCMKTS:PTNDYGet Rating) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totalling 800 shares, a growth of 33.3% from the April 15th total of 600 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 2.0 days.

Separately, DBS Vickers cut PT Vale Indonesia Tbk from a “buy” rating to a “hold” rating and set a 7,600.00 price target on the stock. in a research report on Thursday, April 21st.

Shares of PTNDY remained flat at $$23.89 during mid-day trading on Monday. The stock’s 50-day moving average price is $23.01 and its two-hundred day moving average price is $19.09. PT Vale Indonesia Tbk has a 1-year low of $15.48 and a 1-year high of $25.52.

About PT Vale Indonesia Tbk (Get Rating)

PT Vale Indonesia Tbk engages in the exploration and mining, processing, storage, transportation, and marketing of nickel and related mineral products in Indonesia, Canada, and Japan. It operates a concession area of 118,017 hectares located in central, south, and southeast Sulawesi. The company also explores for iron ore and pellets, nickel, manganese and ferroalloys, coal, and copper deposits.

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