PT Vale Indonesia Tbk (OTCMKTS:PTNDY) Shares Shorted: Short Interest Up 275.4% in October

PT Vale Indonesia Tbk (OTCMKTS:PTNDY) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 473 shares, a growth of 275.4% from the October 15th total of 126 shares. Based on an average daily volume of 162 shares, the days-to-cover ratio is currently 2.9 days.

PT Vale Indonesia Tbk Stock Performance

PT Vale Indonesia Tbk stock remained flat at $10.19 during trading on Friday. The company had a trading volume of 67 shares, compared to its average volume of 376. The firm has a 50 day simple moving average of $12.38 and a 200 day simple moving average of $15.58. PT Vale Indonesia Tbk has a 1-year low of $8.92 and a 1-year high of $16.00.

About PT Vale Indonesia Tbk

PT Vale Indonesia Tbk is an Indonesian nickel mining and processing company. Its operations include mining lateritic nickel ore and processing it into nickel matte, an intermediate product used in the production of nickel and other materials. The company’s principal operating site is in Sorowako, South Sulawesi, where it uses an integrated mining and processing operation. It also has nickel development projects in other parts of Indonesia, including Pomalaa in Southeast Sulawesi and Bahodopi in Central Sulawesi.