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

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 2,649 shares, an increase of 277.4% from the March 31st total of 702 shares. Based on an average daily trading volume, of 11,065 shares, the days-to-cover ratio is currently 0.2 days.

PT Indofood Sukses Makmur Tbk Trading Down 5.2%

PIFMY stock opened at $19.91 on Friday. The company’s 50 day simple moving average is $19.68 and its 200-day simple moving average is $20.80. PT Indofood Sukses Makmur Tbk has a 12 month low of $16.67 and a 12 month high of $27.81.

PT Indofood Sukses Makmur Tbk Company Profile

PT Indofood Sukses Makmur Tbk is an Indonesian-based integrated food company and one of the world’s largest producers of instant noodles. Established in 1990 and headquartered in Jakarta, the company operates through several business segments including consumer branded products, flour milling, edible oils and fats, and agribusiness. Indofood is a member of the Salim Group and has grown through both organic expansion and strategic acquisitions to become a leading name in the regional food industry.

In its consumer branded products division, Indofood manufactures and markets a diverse portfolio that spans instant noodles, dairy products, snack foods, biscuits, confectionery, and flavored beverages.