Short Interest in PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Rises By 500.0%

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,800 shares, a growth of 500.0% from the November 30th total of 300 shares. Based on an average daily volume of 500 shares, the short-interest ratio is currently 3.6 days.

PT Indofood Sukses Makmur Tbk Stock Performance

PIFMY traded up $0.27 during midday trading on Thursday, reaching $25.30. 887 shares of the company were exchanged, compared to its average volume of 2,356. PT Indofood Sukses Makmur Tbk has a one year low of $16.56 and a one year high of $27.43. The company’s fifty day moving average price is $24.37 and its 200 day moving average price is $21.89.

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.