PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Short Interest Up 148.7% in January

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 7,535 shares, an increase of 148.7% from the January 15th total of 3,030 shares. Based on an average daily volume of 4,353 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily volume of 4,353 shares, the days-to-cover ratio is presently 1.7 days.

PT Indofood Sukses Makmur Tbk Stock Performance

Shares of OTCMKTS PIFMY remained flat at $21.45 during trading hours on Friday. The company had a trading volume of 326 shares, compared to its average volume of 2,004. The firm has a fifty day moving average of $20.78 and a 200-day moving average of $22.25. PT Indofood Sukses Makmur Tbk has a fifty-two week low of $19.41 and a fifty-two 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.