PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Sees Significant Decrease in Short Interest

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 6,100 shares, a drop of 50.8% from the December 15th total of 12,400 shares. Based on an average daily volume of 19,600 shares, the short-interest ratio is presently 0.3 days.

PT Adaro Energy Indonesia Tbk Price Performance

Shares of ADOOY stock opened at $8.02 on Tuesday. PT Adaro Energy Indonesia Tbk has a 52-week low of $6.83 and a 52-week high of $15.50. The business has a 50-day simple moving average of $11.01 and a 200-day simple moving average of $10.99.

PT Adaro Energy Indonesia Tbk Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, January 30th. Shareholders of record on Monday, January 13th will be issued a $0.3294 dividend. The ex-dividend date is Monday, January 13th. PT Adaro Energy Indonesia Tbk’s payout ratio is presently 40.19%.

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.