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

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 600 shares, a decline of 33.3% from the February 28th total of 900 shares. Based on an average trading volume of 800 shares, the short-interest ratio is presently 0.8 days.

PT Indofood Sukses Makmur Tbk Trading Down 9.3 %

Shares of PIFMY traded down $2.04 during midday trading on Friday, hitting $19.91. The stock had a trading volume of 523 shares, 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 stock’s 50 day moving average is $22.75 and its 200 day moving average is $23.50.

About PT Indofood Sukses Makmur Tbk

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.