PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Sees Significant Decrease in Short Interest

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 600 shares, a decrease of 33.3% from the February 28th total of 900 shares. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is currently 0.8 days.

PT Indofood Sukses Makmur Tbk Stock Performance

PIFMY traded down $2.04 during trading on Friday, reaching $19.91. 523 shares of the company’s stock were exchanged, compared to its average volume of 776. PT Indofood Sukses Makmur Tbk has a 1 year low of $16.56 and a 1 year high of $27.43. The company’s fifty day simple moving average is $22.75 and its 200-day simple moving average is $23.50.

PT Indofood Sukses Makmur Tbk Company Profile

PT Indofood Sukses Makmur Tbk operates as a food solutions company in Indonesia, the Middle East, Africa, rest of Asia, internationally. It operates through Consumer Branded Products Business Group, Bogasari Business Group, Agribusiness Group, and Distribution Business Group segments. It offers noodles; ultra-high temperature (UHT), sterilized bottled, evaporated, pasteurized liquid, UHT multi-cereal, and powdered milk; milk-flavored and cereal powdered drinks, sweetened condensed creamer, ice cream, and butter; potato, cassava, soybean, corn, and various extruded snacks; recipe mixes, soy and chili sauce, tomato sauce, and stock soup; baby cereals; rice puffs, crunchies, biscuits, puddings, noodle soup, and pasta; cereal snacks for children; and ready-to-drink tea, packaged water, and fruit-flavored drinks.