PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) Stock Short Interest Report for October

PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 266,857 shares, a growth of 2,052,646.2% from the September 30th total of 13 shares. Based on an average trading volume of 432,593 shares, the short-interest ratio is presently 0.6 days.

PT Bank Mandiri (Persero) Tbk Stock Performance

Shares of PT Bank Mandiri (Persero) Tbk stock traded down $0.01 on Monday, hitting $0.22. The stock had a trading volume of 4,000 shares, compared to its average volume of 844,829. PT Bank Mandiri has a twelve month low of $0.20 and a twelve month high of $0.34. The stock has a 50 day moving average of $0.24 and a 200 day moving average of $0.24.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About PT Bank Mandiri (Persero) Tbk

PT Bank Mandiri (Persero) Tbk is an Indonesian state-owned financial institution headquartered in Jakarta. The bank provides a broad range of banking and financial services to individual customers, small and medium-sized enterprises, commercial clients, large corporations and government-related entities.

Its services include savings and current accounts, consumer and mortgage lending, credit cards, business and working-capital loans, corporate lending, trade finance, cash management, investment banking, treasury services and electronic banking.