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

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 900 shares, an increase of 125.0% from the September 30th total of 400 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is currently 0.7 days.

PT Adaro Energy Indonesia Tbk Stock Performance

OTCMKTS ADOOY opened at $11.54 on Friday. PT Adaro Energy Indonesia Tbk has a twelve month low of $7.49 and a twelve month high of $13.66. The stock has a fifty day simple moving average of $12.12 and a 200 day simple moving average of $9.98.

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.