PT Bank Mandiri Persero TBK (OTCMKTS:PPERY) Stock Short Interest Jumps 402.6%

PT Bank Mandiri Persero TBK (OTCMKTS:PPERY) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 117,339 shares, an increase of 402.6% from the October 15th total of 23,347 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 355,503 shares, the days-to-cover ratio is presently 0.3 days.

PT Bank Mandiri Persero TBK Price Performance

OTCMKTS:PPERY traded up $0.04 on Wednesday, hitting $8.26. The company had a trading volume of 36,708 shares, compared to its average volume of 139,099. The firm has a 50 day moving average of $8.94 and a two-hundred day moving average of $9.96. PT Bank Mandiri Persero TBK has a 52 week low of $7.46 and a 52 week high of $13.11.

About PT Bank Mandiri Persero TBK

PT Bank Mandiri (Persero) Tbk is an Indonesian state-owned bank that provides financial services to individuals, businesses, and government institutions. Its offerings include consumer and commercial lending, savings and transaction accounts, payments, treasury services, and digital banking. Founded in 1998, Bank Mandiri was formed through the merger of four state-owned banks: Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia, and Bank Pembangunan Indonesia. The consolidation took place as Indonesia restructured its banking sector following the Asian financial crisis.