PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Short Interest Up 650.0% in January

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 3,030 shares, an increase of 650.0% from the December 31st total of 404 shares. Based on an average trading volume of 5,589 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 5,589 shares, the short-interest ratio is currently 0.5 days.

PT Indofood Sukses Makmur Tbk Stock Performance

Shares of PIFMY traded up $0.79 during midday trading on Tuesday, hitting $20.89. The stock had a trading volume of 620 shares, compared to its average volume of 2,387. The company has a 50 day simple moving average of $20.96 and a two-hundred day simple moving average of $22.56. PT Indofood Sukses Makmur Tbk has a twelve month low of $19.41 and a twelve month high of $27.81.

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.