PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Short Interest Down 89.2% in July

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 172 shares, a decrease of 89.2% from the July 15th total of 1,594 shares. Based on an average daily trading volume, of 5,501 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research downgraded PT Indofood Sukses Makmur Tbk from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, PT Indofood Sukses Makmur Tbk has a consensus rating of “Sell”.

PT Indofood Sukses Makmur Tbk Stock Performance

OTCMKTS PIFMY opened at $20.84 on Wednesday. PT Indofood Sukses Makmur Tbk has a 12 month low of $16.28 and a 12 month high of $26.40. The company’s fifty day moving average price is $18.88 and its two-hundred day moving average price is $19.60.

PT Indofood Sukses Makmur Tbk Company Profile

PT Indofood Sukses Makmur Tbk is an Indonesian-based integrated food company and one of the world’s largest producers of instant noodles. Established in 1990 and headquartered in Jakarta, the company operates through several business segments including consumer branded products, flour milling, edible oils and fats, and agribusiness. Indofood is a member of the Salim Group and has grown through both organic expansion and strategic acquisitions to become a leading name in the regional food industry.

In its consumer branded products division, Indofood manufactures and markets a diverse portfolio that spans instant noodles, dairy products, snack foods, biscuits, confectionery, and flavored beverages.