PT Gudang Garam Tbk (OTCMKTS:GDNGY – Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 13,804 shares, an increase of 2,259.7% from the September 15th total of 585 shares. Based on an average trading volume of 738 shares, the days-to-cover ratio is presently 18.7 days.
PT Gudang Garam Tbk Price Performance
GDNGY stock remained flat at $3.85 during midday trading on Friday. The company’s stock had a trading volume of 2,155 shares, compared to its average volume of 2,809. The company’s 50-day moving average price is $4.27 and its two-hundred day moving average price is $3.80. PT Gudang Garam Tbk has a twelve month low of $2.67 and a twelve month high of $4.85.
PT Gudang Garam Tbk Company Profile
PT Gudang Garam Tbk is an Indonesian tobacco company headquartered in Kediri, East Java. The company manufactures and sells kretek cigarettes, a distinctive Indonesian cigarette product made with tobacco and cloves. Its portfolio includes hand-rolled and machine-made cigarettes, along with filtered and mild-style products marketed under brands such as Gudang Garam, Surya and GG Mild.
Founded in 1958 by Surya Wonowidjojo, Gudang Garam developed from a small cigarette business into one of Indonesia’s major tobacco manufacturers.
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