PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Sees Significant Increase in Short Interest

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 2,688 shares, a growth of 570.3% from the February 26th total of 401 shares. Based on an average daily volume of 49,776 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 49,776 shares, the short-interest ratio is presently 0.1 days.

PT Indofood Sukses Makmur Tbk Stock Performance

PT Indofood Sukses Makmur Tbk stock traded up $0.17 during midday trading on Wednesday, hitting $17.94. 59,751 shares of the stock were exchanged, compared to its average volume of 9,703. PT Indofood Sukses Makmur Tbk has a 1 year low of $17.55 and a 1 year high of $27.81. The company has a 50 day moving average price of $19.98 and a two-hundred day moving average price of $21.22.

PT Indofood Sukses Makmur Tbk Company Profile

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.