PT Bank Mandiri Persero TBK (OTCMKTS:PPERY) Stock Short Interest Jumps 402.6%

PT Bank Mandiri Persero TBK (OTCMKTS:PPERY) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 117,339 shares, an increase of 402.6% from the October 15th total of 23,347 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 355,503 shares, the short-interest ratio is presently 0.3 days.

PT Bank Mandiri Persero TBK Stock Up 0.5%

OTCMKTS:PPERY traded up $0.04 during mid-day trading on Wednesday, hitting $8.26. 36,708 shares of the company’s stock were exchanged, compared to its average volume of 139,099. PT Bank Mandiri Persero TBK has a fifty-two week low of $7.46 and a fifty-two week high of $13.11. The company has a 50 day simple moving average of $8.94 and a 200-day simple moving average of $9.96.

PT Bank Mandiri Persero TBK Company Profile

PT Bank Mandiri (Persero) Tbk is an Indonesian state-owned bank that provides financial services to individuals, businesses, and government institutions. Its offerings include consumer and commercial lending, savings and transaction accounts, payments, treasury services, and digital banking. Founded in 1998, Bank Mandiri was formed through the merger of four state-owned banks: Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia, and Bank Pembangunan Indonesia. The consolidation took place as Indonesia restructured its banking sector following the Asian financial crisis.