PT Gudang Garam Tbk (OTCMKTS:GDNGY) Sees Large Decrease in Short Interest

PT Gudang Garam Tbk (OTCMKTS:GDNGY – Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 249 shares, a drop of 77.6% from the August 15th total of 1,112 shares. Based on an average daily volume of 1,535 shares, the short-interest ratio is currently 0.2 days.

PT Gudang Garam Tbk Stock Performance

OTCMKTS:GDNGY opened at $4.55 on Friday. PT Gudang Garam Tbk has a 12 month low of $2.12 and a 12 month high of $4.85. The company’s 50-day moving average price is $4.18 and its two-hundred day moving average price is $3.73.

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PT Gudang Garam Tbk Company Profile

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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.

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