PT Vale Indonesia Tbk (OTCMKTS:PTNDY) Stock Short Interest Rises 215.0%

PT Vale Indonesia Tbk (OTCMKTS:PTNDY) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 126 shares, an increase of 215.0% from the September 30th total of 40 shares. Based on an average daily volume of 41 shares, the days-to-cover ratio is presently 3.1 days.

PT Vale Indonesia Tbk Trading Down 8.8%

OTCMKTS:PTNDY opened at $10.30 on Thursday. PT Vale Indonesia Tbk has a one year low of $10.10 and a one year high of $16.00. The firm’s fifty day moving average price is $13.84 and its two-hundred day moving average price is $15.70.

PT Vale Indonesia Tbk Company Profile

PT Vale Indonesia Tbk is an Indonesia-based mining and metals company focused on the exploration, extraction, processing and production of nickel. Its principal product is nickel in matte, an intermediate nickel product used in the manufacture of stainless steel and other nickel-based materials.

The company operates an integrated mining and processing complex in Sorowako, South Sulawesi, where it mines lateritic nickel ore and processes it using open-pit mining and hydrometallurgical and pyrometallurgical facilities.