PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY – Get 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
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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