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

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 1,300 shares, a decline of 53.6% from the February 28th total of 2,800 shares. Based on an average trading volume of 10,100 shares, the short-interest ratio is presently 0.1 days.

PT Adaro Energy Indonesia Tbk Stock Performance

OTCMKTS:ADOOY opened at $5.55 on Friday. PT Adaro Energy Indonesia Tbk has a 52 week low of $5.31 and a 52 week high of $15.50. The stock’s fifty day moving average is $6.52 and its two-hundred day moving average is $9.77.

PT Adaro Energy Indonesia Tbk Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, January 30th. Shareholders of record on Monday, January 13th were given a $0.3294 dividend. The ex-dividend date of this dividend was Monday, January 13th. PT Adaro Energy Indonesia Tbk’s payout ratio is currently 40.19%.

PT Adaro Energy Indonesia Tbk Company Profile

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.