PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Sees Large Drop in Short Interest

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) saw a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 611 shares, a decrease of 91.9% from the January 29th total of 7,535 shares. Based on an average daily trading volume, of 1,704 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 1,704 shares, the short-interest ratio is presently 0.4 days.

PT Indofood Sukses Makmur Tbk Price Performance

OTCMKTS:PIFMY traded down $1.00 on Friday, reaching $19.75. 2,130 shares of the company’s stock traded hands, compared to its average volume of 1,880. The stock has a 50-day simple moving average of $20.70 and a 200-day simple moving average of $21.91. PT Indofood Sukses Makmur Tbk has a 12 month low of $19.41 and a 12 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.