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

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

PT Adaro Energy Indonesia Tbk Price Performance

PT Adaro Energy Indonesia Tbk stock opened at $7.35 on Wednesday. PT Adaro Energy Indonesia Tbk has a twelve month low of $6.83 and a twelve month high of $15.50. The firm has a 50 day moving average price of $9.97 and a 200-day moving average price of $10.91.

PT Adaro Energy Indonesia Tbk Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, January 30th. Shareholders of record on Monday, January 13th will be given a dividend of $0.3294 per share. The ex-dividend date is Monday, January 13th. PT Adaro Energy Indonesia Tbk’s payout ratio is 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.