Short Interest in PT Gudang Garam Tbk (OTCMKTS:GDNGY) Grows By 4,141.6%

PT Gudang Garam Tbk (OTCMKTS:GDNGY) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 7,550 shares, a growth of 4,141.6% from the May 14th total of 178 shares. Based on an average trading volume of 3,490 shares, the days-to-cover ratio is currently 2.2 days.

PT Gudang Garam Tbk Price Performance

GDNGY stock remained flat at $3.78 during mid-day trading on Tuesday. The business’s fifty day moving average is $3.49 and its 200 day moving average is $3.51. PT Gudang Garam Tbk has a one year low of $1.95 and a one year high of $4.26.

PT Gudang Garam Tbk Company Profile

PT Gudang Garam Tbk, together with its subsidiaries, engages in the manufacture and sale of cigarettes in Indonesia and internationally. The company operates through Cigarettes, Paperboards, Infrastructure, and Others segments. It offers hand-rolled, machine-made, and klobot clove cigarettes. The company markets its products under the Gudang Garam Family, Surya Family, and GG Family brand names. It is also involved in trading business; and provision of safety protective equipment, and investment and construction services.