PT Vale Indonesia Tbk (OTCMKTS:PTNDY – Get 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.
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.
- Get a free copy of the StockNews.com research report on PT Vale Indonesia Tbk (PTNDY)
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