Short Interest in PT United Tractors Tbk (OTCMKTS:PUTKY) Increases By 425.0%

PT United Tractors Tbk (OTCMKTS:PUTKY) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 4,200 shares, an increase of 425.0% from the December 15th total of 800 shares. Based on an average trading volume of 20,400 shares, the days-to-cover ratio is presently 0.2 days.

PT United Tractors Tbk Stock Performance

PT United Tractors Tbk stock traded up $0.47 during mid-day trading on Monday, hitting $31.25. The company had a trading volume of 9,112 shares, compared to its average volume of 8,516. PT United Tractors Tbk has a 1 year low of $25.76 and a 1 year high of $37.54. The business has a fifty day moving average of $33.48 and a 200 day moving average of $33.27.

PT United Tractors Tbk Company Profile

PT United Tractors Tbk, together with its subsidiaries, sells and rents heavy equipment in Indonesia. The company operates through six segments: Construction Machinery, Mining Contracting, Coal Mining, Gold and Other Mineral Mining, Construction Industry, and Energy. It also distributes heavy equipment, trucks, cranes, and busses under the Komatsu, UD Trucks, Scania, Bomag, Tadano, and United Tractors names to mining, agriculture, constructions, forestry, as well as material handling and transportation.