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 March. As of March 15th, there was short interest totalling 1,300 shares, a drop of 53.6% from the February 28th total of 2,800 shares. Based on an average daily volume of 10,100 shares, the short-interest ratio is presently 0.1 days.

PT Adaro Energy Indonesia Tbk Price Performance

Shares of PT Adaro Energy Indonesia Tbk stock opened at $5.55 on Friday. The business has a 50-day simple moving average of $6.52 and a 200-day simple moving average of $9.77. PT Adaro Energy Indonesia Tbk has a one year low of $5.31 and a one year high of $15.50.

PT Adaro Energy Indonesia Tbk Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, January 30th. Stockholders of record on Monday, January 13th were given a dividend of $0.3294 per share. The ex-dividend date of this dividend was Monday, January 13th. PT Adaro Energy Indonesia Tbk’s dividend payout ratio (DPR) is currently 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.