PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Shares Shorted: Short Interest Down 89.6% in September

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 261 shares, a decrease of 89.6% from the August 31st total of 2,500 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,513 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded 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 data from MarketBeat, PT Indofood Sukses Makmur Tbk currently has an average rating of “Hold”.

PT Indofood Sukses Makmur Tbk Stock Performance

Shares of PIFMY opened at $19.19 on Friday. The business has a fifty day moving average of $20.13 and a 200 day moving average of $19.60. 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.