Short Interest in PT Perusahaan Gas Negara Tbk (OTCMKTS:PPAAF) Decreases By 100.0%

PT Perusahaan Gas Negara Tbk (OTCMKTS:PPAAF) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 1 shares, a decrease of 100.0% from the May 31st total of 2,935 shares. Based on an average trading volume of 4,704 shares, the days-to-cover ratio is currently 0.0 days.

PT Perusahaan Gas Negara Tbk Price Performance

PPAAF remained flat at $0.08 during midday trading on Thursday. The stock has a fifty day moving average of $0.11 and a 200 day moving average of $0.12. PT Perusahaan Gas Negara Tbk has a 1-year low of $0.08 and a 1-year high of $0.11.

About PT Perusahaan Gas Negara Tbk

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.