PT Vale Indonesia Tbk (OTCMKTS:PTNDY – Get Free Report) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 40 shares. Based on an average trading volume of 73 shares, the days-to-cover ratio is currently 0.5 days.
PT Vale Indonesia Tbk Price Performance
PTNDY stock opened at $12.75 on Wednesday. The company’s 50 day moving average is $14.82 and its two-hundred day moving average is $15.84. PT Vale Indonesia Tbk has a twelve month low of $12.75 and a twelve month high of $16.00.
PT Vale Indonesia Tbk Company Profile
PT Vale Indonesia Tbk is an Indonesia-based mining and metals company engaged primarily in the exploration, extraction, processing and production of nickel. The company produces nickel matte, an intermediate nickel product used in the manufacture of stainless steel and other nickel-containing materials.
The company operates an integrated mining and processing complex in Sorowako, South Sulawesi, where it mines lateritic nickel ore and processes the ore through facilities that include smelting operations.
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