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

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a significant decrease in short interest in 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 daily trading volume, of 19,600 shares, the days-to-cover ratio is presently 0.3 days.

PT Adaro Energy Indonesia Tbk Stock Down 3.8 %

Shares of PT Adaro Energy Indonesia Tbk stock opened at $7.13 on Friday. The company has a 50-day moving average of $9.80 and a two-hundred day moving average of $10.86. PT Adaro Energy Indonesia Tbk has a 12-month low of $6.83 and a 12-month high of $15.50.

PT Adaro Energy Indonesia Tbk Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, January 30th. Investors of record on Monday, January 13th were paid 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.