PT Gudang Garam Tbk (OTCMKTS:GDNGY – Get Free Report) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 13,804 shares, an increase of 2,259.7% from the September 15th total of 585 shares. Based on an average daily volume of 738 shares, the short-interest ratio is presently 18.7 days.
PT Gudang Garam Tbk Stock Performance
Shares of PT Gudang Garam Tbk stock opened at $3.85 on Friday. The firm has a fifty day simple moving average of $4.27 and a 200-day simple moving average of $3.80. PT Gudang Garam Tbk has a 1-year low of $2.67 and a 1-year high of $4.85.
About PT Gudang Garam Tbk
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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