PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY – Get Free Report) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 262 shares, a growth of 52.3% from the July 30th total of 172 shares. Based on an average daily trading volume, of 2,338 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.
PT Indofood Sukses Makmur Tbk Price Performance
Shares of PIFMY opened at $21.11 on Wednesday. PT Indofood Sukses Makmur Tbk has a 1-year low of $16.28 and a 1-year high of $24.45. The firm has a fifty day moving average price of $19.75 and a 200 day moving average price of $19.62.
Wall Street Analyst Weigh In
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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
About PT Indofood Sukses Makmur Tbk
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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