PT Bank Mandiri Persero TBK (OTCMKTS:PPERY) Sees Large Growth in Short Interest

PT Bank Mandiri Persero TBK (OTCMKTS:PPERY) saw a significant increase in short interest in October. As of October 30th, there was short interest totaling 117,339 shares, an increase of 402.6% from the October 15th total of 23,347 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 355,503 shares, the days-to-cover ratio is currently 0.3 days.

PT Bank Mandiri Persero TBK Stock Performance

OTCMKTS:PPERY traded up $0.19 during trading hours on Thursday, hitting $8.49. The company had a trading volume of 439,137 shares, compared to its average volume of 145,819. The stock has a 50-day moving average price of $8.92 and a 200 day moving average price of $9.94. PT Bank Mandiri Persero TBK has a 52 week low of $7.46 and a 52 week high of $13.11.

PT Bank Mandiri Persero TBK Company Profile

PT Bank Mandiri (Persero) Tbk is an Indonesian state-owned bank that provides financial services to individuals, businesses, and government institutions. Its offerings include consumer and commercial lending, savings and transaction accounts, payments, treasury services, and digital banking. Founded in 1998, Bank Mandiri was formed through the merger of four state-owned banks: Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia, and Bank Pembangunan Indonesia. The consolidation took place as Indonesia restructured its banking sector following the Asian financial crisis.