PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Sees Large Growth in Short Interest

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 1,576 shares, an increase of 503.8% from the September 15th total of 261 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,683 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised PT Indofood Sukses Makmur Tbk from a “strong sell” rating to a “hold” rating in a research report on Friday, September 4th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

PT Indofood Sukses Makmur Tbk Trading Up 2.3%

PIFMY stock traded up $0.42 during midday trading on Friday, reaching $19.15. 599 shares of the company were exchanged, compared to its average volume of 1,315. PT Indofood Sukses Makmur Tbk has a one year low of $16.28 and a one year high of $24.17. The business has a 50-day moving average price of $20.05 and a two-hundred day moving average price of $19.63.

PT Indofood Sukses Makmur Tbk Company Profile

PT Indofood Sukses Makmur Tbk is an Indonesia-based integrated food company with operations spanning food manufacturing, agribusiness, distribution and related businesses. The company serves consumers through a broad portfolio of branded food products and has developed an extensive supply chain covering raw materials, processing, manufacturing and distribution.

Its Consumer Branded Products division offers products such as instant noodles, dairy products, snack foods, food seasonings, nutrition products and beverages.