PT Vale Indonesia Tbk (OTCMKTS:PTNDY – Get Free Report) was the recipient of a significant increase in short interest in 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 Price Performance
OTCMKTS:PTNDY opened at $9.67 on Friday. PT Vale Indonesia Tbk has a 1 year low of $9.67 and a 1 year high of $16.00. The stock has a 50-day moving average price of $13.71 and a two-hundred day moving average price of $15.69.
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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