Indonesia Energy (NYSE:INDO) Shares Down 2.1% – Time to Sell?

Indonesia Energy Co. Limited (NYSE:INDO) fell 2.1% on Tuesday . The stock traded as low as $4.01 and last traded at $4.18. 555,404 shares traded hands during trading, a decline of 78% from the average session volume of 2,487,949 shares. The stock had previously closed at $4.27.

Indonesia Energy Trading Down 2.1 %

The stock’s 50-day moving average price is $3.52 and its 200-day moving average price is $3.29.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Indonesia Energy stock. Virtu Financial LLC acquired a new position in shares of Indonesia Energy Co. Limited (NYSE:INDO) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,399 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned about 0.14% of Indonesia Energy as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.51% of the company’s stock.

About Indonesia Energy

Indonesia Energy Corporation Limited, together with its subsidiaries, operates as an oil and gas exploration and production company in Indonesia. It holds interests in the Kruh Block, a producing block covering approximately an area of 258 square kilometers located in the Pali, South Sumatra; and the Citarum Block, an exploration block covering approximately an area of 3,924.67 square kilometers located in the onshore of West Java.