PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Stock Short Interest Report for October

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 776 shares, a drop of 80.3% from the October 15th total of 3,932 shares. Based on an average daily volume of 6,040 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised PT Indofood Sukses Makmur Tbk from a “strong sell” rating to a “hold” rating in a research note on Friday, September 4th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

PT Indofood Sukses Makmur Tbk Trading Down 2.5%

PT Indofood Sukses Makmur Tbk stock traded down $0.48 during midday trading on Friday, reaching $18.73. The company had a trading volume of 314 shares, compared to its average volume of 5,049. PT Indofood Sukses Makmur Tbk has a 12-month low of $16.28 and a 12-month high of $22.90. The firm’s fifty day simple moving average is $18.91 and its 200-day simple moving average is $19.51.

PT Indofood Sukses Makmur Tbk Company Profile

PT Indofood Sukses Makmur Tbk is an Indonesian food company with operations spanning the production and distribution of packaged foods and agricultural commodities. Its consumer-branded products include instant noodles, dairy products, snack foods, seasonings, nutrition products and beverages. The company is particularly known for its Indomie instant-noodle brand. Indofood also operates in flour milling and pasta production through Bogasari, as well as in agribusiness activities that include plantations and the production of cooking oils and other food ingredients.