Short Interest in PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) Drops By 100.0%

PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 13 shares, a drop of 100.0% from the June 15th total of 960,313 shares. Based on an average daily volume of 76 shares, the short-interest ratio is presently 0.2 days.

PT Bank Mandiri (Persero) Tbk Stock Performance

PPERF stock remained flat at $0.24 during trading on Friday. The company has a 50 day moving average price of $0.24 and a 200 day moving average price of $0.29. PT Bank Mandiri has a 52-week low of $0.20 and a 52-week high of $0.34.

PT Bank Mandiri (Persero) Tbk Company Profile

PT Bank Mandiri (Persero) Tbk is one of Indonesia’s largest state-owned commercial banks, offering a comprehensive range of retail, corporate, and transaction banking services. Headquartered in Jakarta, the bank provides deposit products, consumer and business loans, trade finance, cash management, and wealth management solutions to both individual and institutional clients. Its retail segment caters to savings and financing needs of consumers through traditional branch networks as well as digital channels.

Established in October 1998 as part of Indonesia’s banking sector restructuring, Bank Mandiri was formed through the consolidation of four state-owned banks in response to the regional financial crisis.