PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Stock Short Interest Declines 89.6%

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 261 shares, a drop of 89.6% from the August 31st total of 2,500 shares. Based on an average daily volume of 1,513 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

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

PT Indofood Sukses Makmur Tbk Stock Performance

OTCMKTS:PIFMY traded down $0.46 on Thursday, hitting $19.19. 984 shares of the stock were exchanged, compared to its average volume of 1,026. PT Indofood Sukses Makmur Tbk has a 52 week low of $16.28 and a 52 week high of $24.17. The company’s 50-day moving average price is $20.12 and its 200 day moving average price is $19.60.

About PT Indofood Sukses Makmur Tbk

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.