PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Short Interest Update

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 172 shares, a decrease of 89.2% from the July 15th total of 1,594 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,501 shares, the short-interest ratio is currently 0.0 days.

PT Indofood Sukses Makmur Tbk Trading Up 3.2%

OTCMKTS:PIFMY opened at $21.50 on Friday. The stock has a fifty day moving average price of $19.00 and a two-hundred day moving average price of $19.62. PT Indofood Sukses Makmur Tbk has a 1 year low of $16.28 and a 1 year high of $26.40.

Analyst Ratings Changes

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

PT Indofood Sukses Makmur Tbk Company Profile

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.