PT Gudang Garam Tbk (OTCMKTS:GDNGY – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 585 shares, an increase of 134.9% from the August 31st total of 249 shares. Based on an average trading volume of 3,726 shares, the short-interest ratio is presently 0.2 days.
PT Gudang Garam Tbk Stock Performance
Shares of PT Gudang Garam Tbk stock opened at $4.15 on Tuesday. PT Gudang Garam Tbk has a 52-week low of $2.58 and a 52-week high of $4.85. The company’s 50-day simple moving average is $4.29 and its 200-day simple moving average is $3.77.
About PT Gudang Garam Tbk
PT Gudang Garam Tbk is an Indonesian tobacco company headquartered in Kediri, East Java. The company manufactures and sells kretek cigarettes, a distinctive Indonesian cigarette product made with tobacco and cloves. Its portfolio includes hand-rolled and machine-made cigarettes, along with filtered and mild-style products marketed under brands such as Gudang Garam, Surya and GG Mild.
Founded in 1958 by Surya Wonowidjojo, Gudang Garam developed from a small cigarette business into one of Indonesia’s major tobacco manufacturers.
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