PT Sarana Menara Nusantara Tbk. (OTCMKTS:SMNUF) Sees Large Growth in Short Interest

PT Sarana Menara Nusantara Tbk. (OTCMKTS:SMNUF) saw a large growth in short interest during the month of May. As of May 28th, there was short interest totalling 346,000 shares, a growth of 2,482.1% from the May 13th total of 13,400 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 3,460.0 days.

Shares of SMNUF traded up $0.01 during midday trading on Friday, hitting $0.09. The company had a trading volume of 26,000 shares, compared to its average volume of 38,780. The firm has a 50 day moving average price of $0.08. PT Sarana Menara Nusantara Tbk. has a 52 week low of $0.06 and a 52 week high of $0.09.

PT Sarana Menara Nusantara Tbk. Company Profile

PT Sarana Menara Nusantara Tbk., through its subsidiary, PT Profesional Telekomunikasi Indonesia, owns and operates telecommunication towers for wireless operators in Indonesia. It operates through two segments, Tower Rental and Very Small Aperture Terminal (VSAT) and Wireline Services. The company leases space at its multi-tenant tower for wireless operators under long term lease agreements; and acts as a closed fixed network provider with VSAT and fiber optic.

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