Indonesia Energy (NYSE:INDO) Stock Price Down 22.4%

Indonesia Energy Co. Limited (NYSE:INDO)’s stock price traded down 22.4% on Tuesday . The stock traded as low as $4.57 and last traded at $4.72. 6,694,105 shares changed hands during trading, an increase of 385% from the average session volume of 1,379,528 shares. The stock had previously closed at $6.08.

Indonesia Energy Stock Performance

The company has a 50 day simple moving average of $2.59 and a two-hundred day simple moving average of $2.89.

Hedge Funds Weigh In On Indonesia Energy

Several institutional investors and hedge funds have recently bought and sold shares of INDO. UBS Group AG bought a new stake in shares of Indonesia Energy in the 1st quarter valued at approximately $28,000. GSA Capital Partners LLP acquired a new stake in Indonesia Energy in the 4th quarter worth approximately $48,000. Commonwealth Equity Services LLC acquired a new stake in Indonesia Energy in the 3rd quarter worth approximately $64,000. Verition Fund Management LLC acquired a new stake in Indonesia Energy in the 2nd quarter worth approximately $68,000. Finally, Virtu Financial LLC acquired a new stake in Indonesia Energy in the 4th quarter worth approximately $101,000. Hedge funds and other institutional investors own 0.51% of the company’s stock.

About Indonesia Energy

Indonesia Energy Corporation Limited operates as an oil and gas exploration and production company in Indonesia. The company holds interests in the Kruh Block, a producing block covering an area of 258 square kilometers with net crude oil proved reserves of 2.06 million barrels located to the northwest of Pendopo, Pali, South Sumatra; and the Citarum Block, an exploration block covering an area of 3,924.67 square kilometers located onshore in West Java.