PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Sees Large Growth in Short Interest

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 900 shares, an increase of 125.0% from the September 30th total of 400 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is presently 0.7 days.

PT Adaro Energy Indonesia Tbk Stock Down 3.0 %

OTCMKTS:ADOOY opened at $11.54 on Friday. PT Adaro Energy Indonesia Tbk has a 52 week low of $7.49 and a 52 week high of $13.66. The firm’s fifty day moving average is $12.12 and its 200-day moving average is $9.98.

PT Adaro Energy Indonesia Tbk Company Profile

PT Adaro Energy Indonesia Tbk, together with its subsidiaries, engages in coal and mining business in Indonesia. It operates through Coal Mining and Trading; Mining Services; Logistics; and Others segments. The company provides trading, transportation, warehousing, quarrying, cargo handling, and mining and transportation support services.