PT United Tractors Tbk (OTCMKTS:PUTKY) Sees Significant Drop in Short Interest

PT United Tractors Tbk (OTCMKTS:PUTKY) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 700 shares, a drop of 91.6% from the September 30th total of 8,300 shares. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is presently 0.1 days.

PT United Tractors Tbk Stock Performance

PUTKY stock traded down $0.27 during trading on Friday, hitting $34.08. The company had a trading volume of 62,024 shares, compared to its average volume of 12,420. The business has a 50 day moving average of $34.93 and a 200 day moving average of $31.31. PT United Tractors Tbk has a fifty-two week low of $25.71 and a fifty-two week high of $37.54.

PT United Tractors Tbk Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.6561 per share. The ex-dividend date of this dividend is Wednesday, October 9th. PT United Tractors Tbk’s dividend payout ratio is presently 0.00%.

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.