PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Sees Large Increase in Short Interest

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 2,500 shares, a growth of 854.2% from the August 15th total of 262 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 2,808 shares, the short-interest ratio is presently 0.9 days.

PT Indofood Sukses Makmur Tbk Stock Down 4.4%

OTCMKTS:PIFMY traded down $0.87 during trading hours on Friday, reaching $18.99. 253 shares of the stock were exchanged, compared to its average volume of 1,205. The business has a 50-day moving average of $19.98 and a two-hundred day moving average of $19.60. PT Indofood Sukses Makmur Tbk has a twelve month low of $16.28 and a twelve month high of $24.45.

Analyst Ratings Changes

Separately, Zacks Research raised PT Indofood Sukses Makmur Tbk from a “strong sell” rating to a “hold” rating in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, PT Indofood Sukses Makmur Tbk has an average rating of “Hold”.

PT Indofood Sukses Makmur Tbk Company Profile

PT Indofood Sukses Makmur Tbk is an Indonesia-based integrated food company with activities spanning consumer branded products, flour milling, agribusiness, and distribution. The company serves consumers through a broad portfolio of food and beverage products and has developed an integrated supply chain that extends from agricultural production and processing to manufacturing and distribution.

Through its consumer branded products business, Indofood offers instant noodles, dairy products, snack foods, food seasonings, nutrition products, and beverages.