Short Interest in PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Declines By 7.7%

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 1,200 shares, a decline of 7.7% from the November 15th total of 1,300 shares. Based on an average trading volume of 2,600 shares, the short-interest ratio is currently 0.5 days.

PT Adaro Energy Indonesia Tbk Trading Down 0.2 %

Shares of OTCMKTS:ADOOY opened at $11.61 on Wednesday. PT Adaro Energy Indonesia Tbk has a 1 year low of $6.83 and a 1 year high of $13.66. The firm has a fifty day moving average price of $11.66 and a 200 day moving average price of $10.78.

PT Adaro Energy Indonesia Tbk Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a dividend of $4.2821 per share. This is a positive change from PT Adaro Energy Indonesia Tbk’s previous dividend of $0.47. The ex-dividend date is Tuesday, December 24th. PT Adaro Energy Indonesia Tbk’s payout ratio is currently 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.