PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) Stock Short Interest Jumps 2,052,646.2%

PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 266,857 shares, a growth of 2,052,646.2% from the September 30th total of 13 shares. Based on an average daily trading volume, of 432,593 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered shares of PT Bank Mandiri (Persero) Tbk from a “buy” rating to a “sell” rating in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

PT Bank Mandiri (Persero) Tbk Stock Performance

Shares of PPERF stock traded down $0.01 during mid-day trading on Monday, reaching $0.22. The company’s stock had a trading volume of 4,000 shares, compared to its average volume of 844,829. The company’s 50 day simple moving average is $0.24 and its 200-day simple moving average is $0.24. PT Bank Mandiri has a 12-month low of $0.20 and a 12-month high of $0.34.

PT Bank Mandiri (Persero) Tbk Company Profile

PT Bank Mandiri (Persero) Tbk is an Indonesian state-owned financial institution headquartered in Jakarta. The bank provides a broad range of banking and financial services to individual customers, small and medium-sized enterprises, commercial clients, large corporations and government-related entities.

Its services include savings and current accounts, consumer and mortgage lending, credit cards, business and working-capital loans, corporate lending, trade finance, cash management, investment banking, treasury services and electronic banking.