PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Short Interest Update

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

PT Adaro Energy Indonesia Tbk Stock Performance

OTCMKTS:ADOOY opened at $7.45 on Thursday. PT Adaro Energy Indonesia Tbk has a fifty-two week low of $6.83 and a fifty-two week high of $15.50. The company’s 50-day simple moving average is $10.93 and its 200-day simple moving average is $10.99.

PT Adaro Energy Indonesia Tbk Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, January 30th. Investors of record on Monday, January 13th will be paid a $0.3294 dividend. The ex-dividend date is Monday, January 13th. PT Adaro Energy Indonesia Tbk’s dividend payout ratio (DPR) is presently 40.19%.

About PT Adaro Energy Indonesia Tbk

(Get Free Report)

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.

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