PT Perusahaan Gas Negara Tbk (OTCMKTS:PPAAF – Get Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 2,935 shares, a growth of 293,400.0% from the May 14th total of 1 shares. Based on an average trading volume of 1,778 shares, the short-interest ratio is currently 1.7 days.
PT Perusahaan Gas Negara Tbk Stock Performance
PPAAF remained flat at $0.09 during trading on Tuesday. 2,934 shares of the company traded hands, compared to its average volume of 2,917. The stock has a 50-day moving average price of $0.12 and a 200-day moving average price of $0.12. PT Perusahaan Gas Negara Tbk has a 52 week low of $0.09 and a 52 week high of $0.11.
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.
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