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

PT United Tractors Tbk (OTCMKTS:PUTKY) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 17,833 shares, a decline of 29.2% from the February 12th total of 25,183 shares. Based on an average trading volume of 27,508 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 27,508 shares, the days-to-cover ratio is presently 0.6 days.

PT United Tractors Tbk Stock Performance

OTCMKTS:PUTKY opened at $34.66 on Friday. PT United Tractors Tbk has a twelve month low of $23.33 and a twelve month high of $38.82. The company has a 50-day moving average of $35.05 and a 200-day moving average of $33.93.

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.