Short Interest in PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Declines By 53.6%

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

PT Adaro Energy Indonesia Tbk Stock Up 2.8 %

PT Adaro Energy Indonesia Tbk stock 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 business’s 50-day moving average price is $6.48 and its 200 day moving average price is $9.73.

PT Adaro Energy Indonesia Tbk Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, January 30th. Stockholders of record on Monday, January 13th were issued a dividend of $0.3294 per share. The ex-dividend date was Monday, January 13th. PT Adaro Energy Indonesia Tbk’s dividend payout ratio (DPR) 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.