PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) Shares Shorted: Short Interest Down 100.0% in September

PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 13 shares, a decline of 100.0% from the September 15th total of 119,752 shares. Based on an average daily volume of 364 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut PT Bank Mandiri (Persero) Tbk from a “buy” rating to a “sell” rating in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

PT Bank Mandiri (Persero) Tbk Stock Performance

PT Bank Mandiri (Persero) Tbk stock remained flat at $0.25 during midday trading on Friday. 150 shares of the company were exchanged, compared to its average volume of 367,279. PT Bank Mandiri has a 1 year low of $0.20 and a 1 year high of $0.34. The firm has a fifty day moving average of $0.24 and a two-hundred day moving average of $0.25.

PT Bank Mandiri (Persero) Tbk Company Profile

PT Bank Mandiri (Persero) Tbk is an Indonesian state-owned banking company headquartered in Jakarta. Established in 1998 through the consolidation of four state-owned banks—Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia, and Bank Pembangunan Indonesia—the bank provides financial services to individuals, businesses, institutions, and government-related entities.

Bank Mandiri’s principal activities include consumer and commercial banking, corporate and wholesale banking, small and medium-sized enterprise lending, investment banking, treasury services, payments, trade finance, cash management, and wealth management.