PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Stock Short Interest Declines 89.6%

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 261 shares, a decrease of 89.6% from the August 31st total of 2,500 shares. Based on an average daily trading volume, of 1,513 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

PT Indofood Sukses Makmur Tbk Trading Down 2.4%

Shares of PIFMY stock traded down $0.46 during trading hours on Thursday, hitting $19.19. The company had a trading volume of 984 shares, compared to its average volume of 1,026. PT Indofood Sukses Makmur Tbk has a 12 month low of $16.28 and a 12 month high of $24.17. The firm’s fifty day moving average is $20.12 and its 200 day moving average is $19.60.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of PT Indofood Sukses Makmur Tbk from a “strong sell” rating to a “hold” rating in a research report on Friday, September 4th. One analyst has rated the stock with a Hold rating, According to MarketBeat, PT Indofood Sukses Makmur Tbk has an average rating of “Hold”.

About PT Indofood Sukses Makmur Tbk

PT Indofood Sukses Makmur Tbk is an Indonesia-based integrated food company with activities spanning consumer branded products, flour milling, agribusiness, and distribution. The company serves consumers through a broad portfolio of food and beverage products and has developed an integrated supply chain that extends from agricultural production and processing to manufacturing and distribution.

Through its consumer branded products business, Indofood offers instant noodles, dairy products, snack foods, food seasonings, nutrition products, and beverages.