PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) Shares Shorted: Short Interest Down 100.0% in September

PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 13 shares, a drop of 100.0% from the September 15th total of 119,752 shares. Based on an average trading volume of 364 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded PT Bank Mandiri (Persero) Tbk from a “buy” rating to a “sell” rating in a report on Tuesday, September 22nd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

PT Bank Mandiri (Persero) Tbk Price Performance

PPERF stock remained flat at $0.25 during midday trading on Friday. 150 shares of the company’s stock were exchanged, compared to its average volume of 367,279. The company’s 50-day moving average price is $0.24 and its 200 day moving average price is $0.25. PT Bank Mandiri has a 12 month low of $0.20 and a 12 month high of $0.34.

About PT Bank Mandiri (Persero) Tbk

PT Bank Mandiri (Persero) Tbk is an Indonesian state-owned banking company headquartered in Jakarta. Established in 1998 through the consolidation of four state-owned banks—Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia, and Bank Pembangunan Indonesia—the bank provides financial services to individuals, businesses, institutions, and government-related entities.

Bank Mandiri’s principal activities include consumer and commercial banking, corporate and wholesale banking, small and medium-sized enterprise lending, investment banking, treasury services, payments, trade finance, cash management, and wealth management.