PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Short Interest Update

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,500 shares, an increase of 854.2% from the August 15th total of 262 shares. Based on an average daily volume of 2,808 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

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 data from MarketBeat, the company currently has an average rating of “Hold”.

PT Indofood Sukses Makmur Tbk Stock Performance

Shares of PIFMY stock remained flat at $19.86 during trading hours on Thursday. The stock had a trading volume of 148 shares, compared to its average volume of 1,249. PT Indofood Sukses Makmur Tbk has a 52 week low of $16.28 and a 52 week high of $24.45. The stock’s 50 day moving average is $19.98 and its two-hundred day moving average is $19.60.

About PT Indofood Sukses Makmur Tbk

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.