PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) Shares Shorted: Short Interest Down 99.1% in October

PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) was the recipient of a significant decline in short interest in October. As of October 30th, there was short interest totaling 2,318 shares, a decline of 99.1% from the October 15th total of 266,857 shares. Based on an average daily volume of 3,881,093 shares, the short-interest ratio is presently 0.0 days.

PT Bank Mandiri (Persero) Tbk Price Performance

PPERF stock traded down $0.01 during trading on Tuesday, hitting $0.20. 73,490 shares of the company’s stock were exchanged, compared to its average volume of 686,019. The business has a 50-day moving average price of $0.24 and a two-hundred day moving average price of $0.26. PT Bank Mandiri has a 52-week low of $0.19 and a 52-week high of $0.34.

Wall Street Analyst Weigh In

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

About PT Bank Mandiri (Persero) Tbk

PT Bank Mandiri (Persero) Tbk is an Indonesian state-owned financial institution headquartered in Jakarta. The bank provides a broad range of banking and financial services to individuals, businesses, government entities and institutional customers across Indonesia. Its main activities include consumer banking, corporate and commercial lending, small and medium-sized enterprise financing, microfinance, trade finance, cash management, treasury services and investment banking. Bank Mandiri also offers deposit accounts, payment services, credit cards, mortgages, personal loans and digital banking products through its branch network and electronic channels.