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

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 2,900 shares, a decline of 73.9% from the January 31st total of 11,100 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is currently 0.9 days.

PT Adaro Energy Indonesia Tbk Stock Down 4.5 %

OTCMKTS:ADOOY opened at $6.30 on Friday. The firm’s fifty day simple moving average is $7.95 and its 200-day simple moving average is $10.47. PT Adaro Energy Indonesia Tbk has a fifty-two week low of $6.30 and a fifty-two week high of $15.50.

PT Adaro Energy Indonesia Tbk Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, January 30th. Shareholders of record on Monday, January 13th were given a dividend of $0.3294 per share. The ex-dividend date was Monday, January 13th. 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.