PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Short Interest Down 32.2% in December

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 750 shares, a decrease of 32.2% from the November 30th total of 1,106 shares. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 0.5 days.

PT Indofood Sukses Makmur Tbk Trading Up 7.8%

Shares of PIFMY opened at $21.81 on Monday. The firm has a 50-day moving average price of $21.70 and a 200 day moving average price of $23.11. PT Indofood Sukses Makmur Tbk has a 52-week low of $19.41 and a 52-week high of $27.81.

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.