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

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

PT Adaro Energy Indonesia Tbk Stock Performance

OTCMKTS ADOOY opened at $7.42 on Thursday. The company has a fifty day moving average of $9.89 and a 200 day moving average of $10.89. PT Adaro Energy Indonesia Tbk has a 1 year low of $6.83 and a 1 year high of $15.50.

PT Adaro Energy Indonesia Tbk Cuts Dividend

The company also recently disclosed 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 of this dividend is Monday, January 13th. PT Adaro Energy Indonesia Tbk’s payout ratio is 40.19%.

About PT Adaro Energy Indonesia Tbk

(Get Free Report)

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.

Read More

Receive News & Ratings for PT Adaro Energy Indonesia Tbk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PT Adaro Energy Indonesia Tbk and related companies with MarketBeat.com's FREE daily email newsletter.