Short Interest in PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Decreases By 34.4%

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 401 shares, a decrease of 34.4% from the February 12th total of 611 shares. Based on an average trading volume of 2,164 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 2,164 shares, the days-to-cover ratio is presently 0.2 days.

PT Indofood Sukses Makmur Tbk Trading Down 0.8%

OTCMKTS PIFMY traded down $0.15 during trading on Friday, reaching $18.00. 134,734 shares of the company’s stock traded hands, compared to its average volume of 7,449. PT Indofood Sukses Makmur Tbk has a 12-month low of $17.55 and a 12-month high of $27.81. The company’s 50 day simple moving average is $20.30 and its two-hundred day simple moving average is $21.49.

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.