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

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 3,030 shares, an increase of 650.0% from the December 31st total of 404 shares. Based on an average daily trading volume, of 5,589 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 5,589 shares, the days-to-cover ratio is currently 0.5 days.

PT Indofood Sukses Makmur Tbk Stock Down 3.3%

PT Indofood Sukses Makmur Tbk stock opened at $20.21 on Thursday. PT Indofood Sukses Makmur Tbk has a twelve month low of $19.41 and a twelve month high of $27.81. The stock’s fifty day simple moving average is $20.94 and its 200-day simple moving average is $22.54.

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.