Sime Darby Plantation Berhad (OTCMKTS:SDPNF) Sees Large Growth in Short Interest

Sime Darby Plantation Berhad (OTCMKTS:SDPNF) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 1 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Sime Darby Plantation Berhad Price Performance

OTCMKTS SDPNF remained flat at $1.49 during trading hours on Wednesday. The business’s 50 day simple moving average is $1.49 and its 200 day simple moving average is $1.49. Sime Darby Plantation Berhad has a 1-year low of $1.05 and a 1-year high of $1.49.

About Sime Darby Plantation Berhad

Sime Darby Plantation Berhad is a Malaysia-based plantation company engaged primarily in the cultivation, harvesting and processing of oil palm. Its upstream operations include the management of oil-palm estates and mills that produce crude palm oil, palm kernels and related agricultural products.

The company also operates downstream businesses that process palm-based feedstocks into refined oils, specialty fats, oleochemicals, biodiesel and other palm-derived products. These products serve food, industrial, personal-care and biofuel markets through a range of regional and international customers.

Sime Darby Plantation traces its heritage to the early twentieth century and became an independently listed plantation company following the 2017 demerger of Sime Darby Berhad’s plantation division.