PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Short Interest Down 89.2% in July

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY – Get Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 172 shares, a drop of 89.2% from the July 15th total of 1,594 shares. Based on an average daily trading volume, of 5,501 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

PT Indofood Sukses Makmur Tbk Price Performance

Shares of OTCMKTS PIFMY opened at $20.84 on Wednesday. PT Indofood Sukses Makmur Tbk has a 12-month low of $16.28 and a 12-month high of $26.40. The stock’s 50 day simple moving average is $18.88 and its 200 day simple moving average is $19.60.

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Analysts Set New Price Targets

Separately, Zacks Research downgraded PT Indofood Sukses Makmur Tbk from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Read Our Latest Stock Analysis on PIFMY

PT Indofood Sukses Makmur Tbk Company Profile

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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.

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