PT Gudang Garam Tbk (OTCMKTS:GDNGY) Sees Significant Growth in Short Interest

PT Gudang Garam Tbk (OTCMKTS:GDNGY) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,112 shares, an increase of 84.4% from the July 30th total of 603 shares. Based on an average trading volume of 1,467 shares, the days-to-cover ratio is presently 0.8 days.

PT Gudang Garam Tbk Stock Performance

Shares of GDNGY remained flat at $4.41 during trading hours on Friday. The firm has a 50 day simple moving average of $4.03 and a 200 day simple moving average of $3.69. PT Gudang Garam Tbk has a 1-year low of $2.10 and a 1-year high of $4.85.

About PT Gudang Garam Tbk

PT Gudang Garam Tbk, together with its subsidiaries, engages in the manufacture and sale of cigarettes in Indonesia and internationally. The company operates through Cigarettes, Paperboards, Infrastructure, and Others segments. It offers hand-rolled, machine-made, and klobot clove cigarettes. The company markets its products under the Gudang Garam Family, Surya Family, and GG Family brand names. It is also involved in trading business; and provision of safety protective equipment, and investment and construction services.