PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY – Get 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
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.
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