PT Indofood CBP Sukses Makmur Tbk (OTCMKTS:PIFFY) Shares Shorted: Short Interest Down 51.1% in October

PT Indofood CBP Sukses Makmur Tbk (OTCMKTS:PIFFY) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 150 shares, a decline of 51.1% from the September 30th total of 307 shares. Based on an average daily volume of 6 shares, the short-interest ratio is presently 25.0 days.

PT Indofood CBP Sukses Makmur Tbk Trading Down 4.9%

Shares of OTCMKTS PIFFY traded down $0.32 during trading on Friday, reaching $6.25. The company had a trading volume of 300 shares, compared to its average volume of 400. The company’s fifty day moving average price is $7.89 and its 200-day moving average price is $8.35. PT Indofood CBP Sukses Makmur Tbk has a 12 month low of $6.25 and a 12 month high of $11.25.

About PT Indofood CBP Sukses Makmur Tbk

PT Indofood CBP Sukses Makmur Tbk is an Indonesia-based consumer food products company and a subsidiary of PT Indofood Sukses Makmur Tbk. The company develops, manufactures, and distributes branded food and beverage products for consumers in Indonesia and international markets.

Its principal business segments include noodles, dairy products, snack foods, food seasonings, nutrition and special foods, beverages, and packaging. Its portfolio includes well-known brands such as Indomie, Pop Mie, Chitato, Qtela, Indomilk, and Promina.