Short Interest in PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) Declines By 100.0%

PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 13 shares, a drop of 100.0% from the July 30th total of 418,513 shares. Based on an average daily volume of 215,000 shares, the short-interest ratio is presently 0.0 days.

PT Bank Mandiri (Persero) Tbk Price Performance

PPERF remained flat at $0.24 during trading on Tuesday. The company had a trading volume of 51,600 shares, compared to its average volume of 478,454. The stock has a 50 day simple moving average of $0.23 and a 200 day simple moving average of $0.27. PT Bank Mandiri has a twelve month low of $0.20 and a twelve month high of $0.34.

About PT Bank Mandiri (Persero) Tbk

PT Bank Mandiri (Persero) Tbk is one of Indonesia’s largest state-owned commercial banks, offering a comprehensive range of retail, corporate, and transaction banking services. Headquartered in Jakarta, the bank provides deposit products, consumer and business loans, trade finance, cash management, and wealth management solutions to both individual and institutional clients. Its retail segment caters to savings and financing needs of consumers through traditional branch networks as well as digital channels.

Established in October 1998 as part of Indonesia’s banking sector restructuring, Bank Mandiri was formed through the consolidation of four state-owned banks in response to the regional financial crisis.