PT United Tractors Tbk (OTCMKTS:PUTKY) Short Interest Update

PT United Tractors Tbk (OTCMKTS:PUTKY) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 25,183 shares, a decline of 17.3% from the January 29th total of 30,445 shares. Based on an average daily volume of 37,238 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 37,238 shares, the days-to-cover ratio is currently 0.7 days.

PT United Tractors Tbk Trading Up 0.5%

OTCMKTS PUTKY opened at $35.19 on Wednesday. The stock has a fifty day simple moving average of $35.16 and a 200-day simple moving average of $33.70. PT United Tractors Tbk has a twelve month low of $23.33 and a twelve month high of $38.82.

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.