PT Vale Indonesia Tbk (OTCMKTS:PTNDY – Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 126 shares, an increase of 215.0% from the September 30th total of 40 shares. Based on an average trading volume of 41 shares, the short-interest ratio is currently 3.1 days.
PT Vale Indonesia Tbk Stock Down 8.8%
PT Vale Indonesia Tbk stock opened at $10.30 on Thursday. PT Vale Indonesia Tbk has a 12 month low of $10.10 and a 12 month high of $16.00. The stock’s 50 day moving average is $13.84 and its 200-day moving average is $15.70.
About PT Vale Indonesia Tbk
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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