PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Short Interest Down 50.8% in December

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 6,100 shares, a drop of 50.8% from the December 15th total of 12,400 shares. Based on an average daily trading volume, of 19,600 shares, the days-to-cover ratio is presently 0.3 days.

PT Adaro Energy Indonesia Tbk Trading Down 18.0 %

ADOOY stock opened at $8.02 on Tuesday. PT Adaro Energy Indonesia Tbk has a 52 week low of $6.83 and a 52 week high of $15.50. The firm has a 50 day moving average of $11.01 and a 200 day moving average of $10.99.

PT Adaro Energy Indonesia Tbk Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, January 30th. Stockholders of record on Monday, January 13th will be issued a dividend of $0.3294 per share. The ex-dividend date is Monday, January 13th. PT Adaro Energy Indonesia Tbk’s dividend payout ratio (DPR) is presently 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.