PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) Sees Significant Decline in Short Interest

PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 13 shares, a decline of 100.0% from the April 15th total of 305,104 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

PT Bank Mandiri (Persero) Tbk Price Performance

Shares of OTCMKTS:PPERF remained flat at $0.26 during midday trading on Monday. The firm has a 50-day moving average of $0.31 and a 200-day moving average of $0.31. PT Bank Mandiri has a 1 year low of $0.25 and a 1 year high of $0.37.

About PT Bank Mandiri (Persero) Tbk

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.