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

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 261 shares, a decline 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 short sold.

Wall Street Analyst Weigh In

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

PT Indofood Sukses Makmur Tbk Trading Down 4.7%

OTCMKTS PIFMY traded down $0.89 during trading hours on Friday, hitting $18.30. 236 shares of the company were exchanged, compared to its average volume of 1,127. The stock has a 50-day moving average price of $20.11 and a 200 day moving average price of $19.59. PT Indofood Sukses Makmur Tbk has a 52 week low of $16.28 and a 52 week high of $24.17.

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.