PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 3,932 shares, an increase of 149.5% from the September 30th total of 1,576 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,897 shares, the short-interest ratio is currently 2.1 days.
Wall Street Analyst Weigh In
Separately, Zacks Research raised PT Indofood Sukses Makmur Tbk from a “strong sell” rating to a “hold” rating in a report on Friday, September 4th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on PT Indofood Sukses Makmur Tbk
PT Indofood Sukses Makmur Tbk Stock Up 6.3%
PIFMY opened at $17.48 on Friday. The firm’s fifty day simple moving average is $19.42 and its two-hundred day simple moving average is $19.62. PT Indofood Sukses Makmur Tbk has a 52-week low of $16.28 and a 52-week high of $23.58.
PT Indofood Sukses Makmur Tbk Company Profile
PT Indofood Sukses Makmur Tbk is an Indonesia-based food company with operations spanning the production, distribution and marketing of consumer food products. The company’s portfolio includes instant noodles, dairy products, snack foods, food seasonings, nutrition products and beverages, with well-known brands such as Indomie.
Indofood also operates through businesses focused on flour milling and pasta production, agribusiness and food ingredients, and distribution. Its Bogasari division is a major producer of wheat flour and pasta in Indonesia, while the company’s agribusiness activities include the cultivation and processing of agricultural commodities and the production of cooking oils and related products.
Founded in 1990, Indofood serves consumers throughout Indonesia through an extensive distribution network and sells selected products in international markets.
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