PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) Short Interest Up 1,200,000.0% in August

PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 156,013 shares, an increase of 1,200,000.0% from the August 15th total of 13 shares. Based on an average daily trading volume, of 152,418 shares, the short-interest ratio is currently 1.0 days.

PT Bank Mandiri (Persero) Tbk Price Performance

OTCMKTS:PPERF opened at $0.24 on Friday. PT Bank Mandiri has a 1-year low of $0.20 and a 1-year high of $0.34. The company has a 50-day moving average of $0.24 and a 200 day moving average of $0.26.

About PT Bank Mandiri (Persero) Tbk

PT Bank Mandiri (Persero) Tbk is one of Indonesia’s largest state-owned commercial banks, offering a comprehensive range of retail, corporate, and transaction banking services. Headquartered in Jakarta, the bank provides deposit products, consumer and business loans, trade finance, cash management, and wealth management solutions to both individual and institutional clients. Its retail segment caters to savings and financing needs of consumers through traditional branch networks as well as digital channels.

Established in October 1998 as part of Indonesia’s banking sector restructuring, Bank Mandiri was formed through the consolidation of four state-owned banks in response to the regional financial crisis.