PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Short Interest Down 34.4% in February

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 401 shares, a drop of 34.4% from the February 12th total of 611 shares. Based on an average daily volume of 2,164 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 2,164 shares, the short-interest ratio is presently 0.2 days.

PT Indofood Sukses Makmur Tbk Price Performance

PIFMY stock opened at $18.00 on Friday. The company’s 50-day moving average price is $20.30 and its 200 day moving average price is $21.47. PT Indofood Sukses Makmur Tbk has a 52 week low of $17.55 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.