Short Interest in PT Gudang Garam Tbk (OTCMKTS:GDNGY) Grows By 4,141.6%

PT Gudang Garam Tbk (OTCMKTS:GDNGY) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 7,550 shares, a growth of 4,141.6% from the May 14th total of 178 shares. Based on an average trading volume of 3,490 shares, the days-to-cover ratio is presently 2.2 days.

PT Gudang Garam Tbk Price Performance

Shares of OTCMKTS GDNGY remained flat at $3.78 during midday trading on Tuesday. PT Gudang Garam Tbk has a 52 week low of $1.95 and a 52 week high of $4.26. The firm’s 50-day moving average is $3.49 and its two-hundred day moving average is $3.51.

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.