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

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 1,300 shares, a decrease of 13.3% from the October 31st total of 1,500 shares. Based on an average daily volume of 3,000 shares, the short-interest ratio is presently 0.4 days.

PT Adaro Energy Indonesia Tbk Stock Performance

Shares of PT Adaro Energy Indonesia Tbk stock opened at $9.00 on Tuesday. PT Adaro Energy Indonesia Tbk has a 12-month low of $6.83 and a 12-month high of $13.66. The company has a 50-day simple moving average of $12.03 and a 200 day simple moving average of $10.59.

PT Adaro Energy Indonesia Tbk Increases Dividend

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