PT Perusahaan Gas Negara Tbk (OTCMKTS:PPAAF) Short Interest Update

PT Perusahaan Gas Negara Tbk (OTCMKTS:PPAAF) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 1 shares, a drop of 100.0% from the May 31st total of 2,935 shares. Based on an average trading volume of 4,704 shares, the days-to-cover ratio is currently 0.0 days.

PT Perusahaan Gas Negara Tbk Stock Performance

Shares of OTCMKTS PPAAF remained flat at $0.08 during midday trading on Friday. PT Perusahaan Gas Negara Tbk has a 1 year low of $0.08 and a 1 year high of $0.11. The company has a 50-day moving average price of $0.11 and a two-hundred day moving average price of $0.12.

PT Perusahaan Gas Negara Tbk Company Profile

PT Perusahaan Gas Negara Tbk (OTCMKTS: PPAAF) is Indonesia’s leading natural gas transportation and distribution company. As a state-controlled enterprise and subsidiary of PT Pertamina (Persero), PGN operates an extensive network of high-pressure transmission pipelines and low-pressure distribution systems. The company supplies natural gas to industrial, commercial and residential customers, while also providing related services such as gas metering, pipeline construction and maintenance, and the development of supporting gas infrastructure.

PGN’s core activities include the operation and expansion of gas transmission lines spanning thousands of kilometers across Java and Sumatra, as well as the management of underground gas storage facilities.