Short Interest in PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Decreases By 35.3%

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 1,714 shares, a decline of 35.3% from the April 15th total of 2,649 shares. Based on an average trading volume of 2,929 shares, the short-interest ratio is currently 0.6 days.

PT Indofood Sukses Makmur Tbk Stock Performance

OTCMKTS:PIFMY remained flat at $19.10 on Tuesday. The company’s stock had a trading volume of 1,914 shares, compared to its average volume of 8,417. The business has a 50-day moving average price of $19.72 and a 200-day moving average price of $20.58. PT Indofood Sukses Makmur Tbk has a fifty-two week low of $16.67 and a fifty-two week high of $27.81.

Analyst Ratings Changes

Separately, Zacks Research upgraded PT Indofood Sukses Makmur Tbk to a “hold” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, PT Indofood Sukses Makmur Tbk has an average rating of “Hold”.

About PT Indofood Sukses Makmur Tbk

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.