PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) Shares Shorted: Short Interest Down 100.0% in September

PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 13 shares, a drop of 100.0% from the September 15th total of 119,752 shares. Based on an average daily volume of 364 shares, the days-to-cover ratio is presently 0.0 days.

PT Bank Mandiri (Persero) Tbk Stock Performance

PPERF remained flat at $0.25 on Friday. The business’s 50 day moving average price is $0.24 and its 200 day moving average price is $0.25. PT Bank Mandiri has a 1 year low of $0.20 and a 1 year high of $0.34.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut PT Bank Mandiri (Persero) Tbk from a “buy” rating to a “sell” rating in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About PT Bank Mandiri (Persero) Tbk

PT Bank Mandiri (Persero) Tbk is an Indonesian state-owned banking company headquartered in Jakarta. Established in 1998 through the consolidation of four state-owned banks—Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia, and Bank Pembangunan Indonesia—the bank provides financial services to individuals, businesses, institutions, and government-related entities.

Bank Mandiri’s principal activities include consumer and commercial banking, corporate and wholesale banking, small and medium-sized enterprise lending, investment banking, treasury services, payments, trade finance, cash management, and wealth management.