PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Stock Short Interest Report for September

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,576 shares, an increase of 503.8% from the September 15th total of 261 shares. Based on an average trading volume of 3,683 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

PT Indofood Sukses Makmur Tbk Trading Up 2.3%

Shares of PT Indofood Sukses Makmur Tbk stock traded up $0.42 during trading on Friday, reaching $19.15. The company’s stock had a trading volume of 599 shares, compared to its average volume of 1,315. The business’s 50-day moving average price is $20.05 and its 200-day moving average price is $19.63. PT Indofood Sukses Makmur Tbk has a 52 week low of $16.28 and a 52 week high of $24.17.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded PT Indofood Sukses Makmur Tbk from a “strong sell” rating to a “hold” rating in a research note on Friday, September 4th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

PT Indofood Sukses Makmur Tbk Company Profile

PT Indofood Sukses Makmur Tbk is an Indonesia-based integrated food company with operations spanning food manufacturing, agribusiness, distribution and related businesses. The company serves consumers through a broad portfolio of branded food products and has developed an extensive supply chain covering raw materials, processing, manufacturing and distribution.

Its Consumer Branded Products division offers products such as instant noodles, dairy products, snack foods, food seasonings, nutrition products and beverages.