PT United Tractors Tbk (OTCMKTS:PUTKF) Sees Significant Decrease in Short Interest

PT United Tractors Tbk (OTCMKTS:PUTKF) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 7,300 shares, a drop of 65.4% from the January 15th total of 21,100 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

PT United Tractors Tbk Price Performance

Shares of OTCMKTS PUTKF remained flat at $1.54 during trading on Wednesday. PT United Tractors Tbk has a fifty-two week low of $1.54 and a fifty-two week high of $2.10. The firm’s fifty day moving average price is $1.66 and its 200 day moving average price is $1.41.

About PT United Tractors Tbk

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.