PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) Shares Shorted: Short Interest Down 99.1% in October

PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) was the recipient of a large drop in short interest in October. As of October 30th, there was short interest totaling 2,318 shares, a drop of 99.1% from the October 15th total of 266,857 shares. Based on an average trading volume of 3,881,093 shares, the days-to-cover ratio is presently 0.0 days.

PT Bank Mandiri (Persero) Tbk Stock Down 6.9%

Shares of OTCMKTS PPERF traded down $0.01 during trading hours on Tuesday, reaching $0.20. The stock had a trading volume of 73,490 shares, compared to its average volume of 686,019. PT Bank Mandiri has a fifty-two week low of $0.19 and a fifty-two week high of $0.34. The firm has a 50-day moving average of $0.24 and a 200-day moving average of $0.26.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut shares of 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, the stock presently has an average rating of “Sell”.

About PT Bank Mandiri (Persero) Tbk

PT Bank Mandiri (Persero) Tbk is an Indonesian state-owned financial institution headquartered in Jakarta. The bank provides a broad range of banking and financial services to individuals, businesses, government entities and institutional customers across Indonesia. Its main activities include consumer banking, corporate and commercial lending, small and medium-sized enterprise financing, microfinance, trade finance, cash management, treasury services and investment banking. Bank Mandiri also offers deposit accounts, payment services, credit cards, mortgages, personal loans and digital banking products through its branch network and electronic channels.