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

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,200 shares, a drop of 33.3% from the December 31st total of 1,800 shares. Based on an average trading volume of 500 shares, the short-interest ratio is presently 2.4 days.

PT Indofood Sukses Makmur Tbk Stock Performance

OTCMKTS PIFMY opened at $22.26 on Thursday. The firm’s 50 day moving average price is $24.21 and its 200-day moving average price is $22.75. PT Indofood Sukses Makmur Tbk has a 52-week low of $16.56 and a 52-week high of $27.43.

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.