PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) Sees Significant Increase in Short Interest

PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 418,513 shares, a growth of 3,219,230.8% from the July 15th total of 13 shares. Based on an average trading volume of 2,481,752 shares, the short-interest ratio is currently 0.2 days.

PT Bank Mandiri (Persero) Tbk Price Performance

Shares of PPERF remained flat at $0.23 during trading on Tuesday. The business has a fifty day simple moving average of $0.23 and a two-hundred day simple moving average of $0.28. PT Bank Mandiri has a 52 week low of $0.20 and a 52 week high of $0.34.

PT Bank Mandiri (Persero) Tbk Company Profile

PT Bank Mandiri (Persero) Tbk is one of Indonesia’s largest state-owned commercial banks, offering a comprehensive range of retail, corporate, and transaction banking services. Headquartered in Jakarta, the bank provides deposit products, consumer and business loans, trade finance, cash management, and wealth management solutions to both individual and institutional clients. Its retail segment caters to savings and financing needs of consumers through traditional branch networks as well as digital channels.

Established in October 1998 as part of Indonesia’s banking sector restructuring, Bank Mandiri was formed through the consolidation of four state-owned banks in response to the regional financial crisis.