PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) Shares Shorted: Short Interest Down 100.0% in September

PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 13 shares, a decrease of 100.0% from the September 15th total of 119,752 shares. Based on an average daily trading volume, of 364 shares, the days-to-cover ratio is currently 0.0 days.

PT Bank Mandiri (Persero) Tbk Stock Performance

Shares of PT Bank Mandiri (Persero) Tbk stock remained flat at $0.25 during mid-day trading on Friday. The stock has a 50-day moving average price of $0.24 and a 200-day moving average price of $0.25. PT Bank Mandiri has a 12 month low of $0.20 and a 12 month high of $0.34.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded PT Bank Mandiri (Persero) Tbk from a “buy” rating to a “sell” rating in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, PT Bank Mandiri (Persero) Tbk has an average rating of “Sell”.

PT Bank Mandiri (Persero) Tbk Company Profile

PT Bank Mandiri (Persero) Tbk is an Indonesian state-owned banking company headquartered in Jakarta. Established in 1998 through the consolidation of four state-owned banks—Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia, and Bank Pembangunan Indonesia—the bank provides financial services to individuals, businesses, institutions, and government-related entities.

Bank Mandiri’s principal activities include consumer and commercial banking, corporate and wholesale banking, small and medium-sized enterprise lending, investment banking, treasury services, payments, trade finance, cash management, and wealth management.