PT Vale Indonesia Tbk (OTCMKTS:PTNDY – Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 40 shares. Based on an average daily volume of 73 shares, the days-to-cover ratio is presently 0.5 days.
PT Vale Indonesia Tbk Stock Performance
Shares of PTNDY opened at $12.75 on Friday. PT Vale Indonesia Tbk has a 12-month low of $12.75 and a 12-month high of $16.00. The stock’s 50-day moving average price is $14.67 and its 200 day moving average price is $15.79.
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.
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