PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 55,000 shares, a drop of 81.6% from the December 15th total of 298,500 shares. Based on an average trading volume of 46,700 shares, the days-to-cover ratio is currently 1.2 days.
Separately, JPMorgan Chase & Co. downgraded PT Bank Mandiri (Persero) Tbk from an “overweight” rating to a “neutral” rating in a research report on Friday, November 20th.
Shares of PPERF opened at $0.52 on Thursday. The stock has a 50-day moving average of $0.46. PT Bank Mandiri has a 52 week low of $0.22 and a 52 week high of $0.58.
PT Bank Mandiri (Persero) Tbk provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, the United Kingdom, and Cayman Islands. It offers savings and current accounts, time deposits, demand deposits, and foreign currency savings; motorcycle loans and housing loans, as well as loans for various purposes, such as education, home renovation, marriage, health, and other needs for individuals; and working capital loans, investment loans, people's business loans, syndicated loans, and micro business loans for businesses.
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