PT Bank Mandiri Persero TBK (OTCMKTS:PPERY) Sees Large Drop in Short Interest

PT Bank Mandiri Persero TBK (OTCMKTS:PPERY) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 4,104 shares, a decline of 71.0% from the July 30th total of 14,156 shares. Based on an average daily volume of 132,110 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

PT Bank Mandiri Persero TBK Price Performance

PPERY stock opened at $9.46 on Friday. PT Bank Mandiri Persero TBK has a one year low of $8.20 and a one year high of $13.11. The firm has a 50 day simple moving average of $9.24 and a two-hundred day simple moving average of $10.22.

About PT Bank Mandiri Persero TBK

PT Bank Mandiri (Persero) Tbk is one of Indonesia’s largest banking groups, providing a full range of commercial banking services to corporate, commercial, small and medium-sized enterprises (SMEs) and retail customers. The bank was established in 1998 through a government-led consolidation of four state-owned banks as part of efforts to strengthen the financial system during the Asian financial crisis. Since then it has grown into a diversified financial services franchise offering deposit taking, lending, trade finance, payment and cash management, treasury, and wealth-management services.

Bank Mandiri’s product suite spans traditional retail and corporate banking products — including savings and time deposits, consumer and mortgage loans, working capital and project financing — alongside specialized services such as trade and export-import finance, foreign exchange and treasury solutions, card products, and digital banking channels.