PT Gudang Garam Tbk (OTCMKTS:GDNGY – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 585 shares, a growth of 134.9% from the August 31st total of 249 shares. Based on an average daily volume of 3,726 shares, the short-interest ratio is currently 0.2 days.
PT Gudang Garam Tbk Price Performance
Shares of OTCMKTS:GDNGY remained flat at $4.15 on Friday. The firm has a 50-day moving average of $4.28 and a 200 day moving average of $3.76. PT Gudang Garam Tbk has a 12-month low of $2.58 and a 12-month high of $4.85.
PT Gudang Garam Tbk Company Profile
PT Gudang Garam Tbk is an Indonesian tobacco company headquartered in Kediri, East Java. The company manufactures and sells kretek cigarettes, a distinctive Indonesian cigarette product made with tobacco and cloves. Its portfolio includes hand-rolled and machine-made cigarettes, along with filtered and mild-style products marketed under brands such as Gudang Garam, Surya and GG Mild.
Founded in 1958 by Surya Wonowidjojo, Gudang Garam developed from a small cigarette business into one of Indonesia’s major tobacco manufacturers.
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