PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Short Interest Update

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

PT Indofood Sukses Makmur Tbk Price Performance

PT Indofood Sukses Makmur Tbk stock opened at $19.86 on Friday. PT Indofood Sukses Makmur Tbk has a one year low of $16.28 and a one year high of $24.45. The business has a fifty day moving average of $19.98 and a two-hundred day moving average of $19.60.

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 investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

PT Indofood Sukses Makmur Tbk Company Profile

PT Indofood Sukses Makmur Tbk is an Indonesian-based integrated food company and one of the world’s largest producers of instant noodles. Established in 1990 and headquartered in Jakarta, the company operates through several business segments including consumer branded products, flour milling, edible oils and fats, and agribusiness. Indofood is a member of the Salim Group and has grown through both organic expansion and strategic acquisitions to become a leading name in the regional food industry.

In its consumer branded products division, Indofood manufactures and markets a diverse portfolio that spans instant noodles, dairy products, snack foods, biscuits, confectionery, and flavored beverages.