Short Interest in PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Drops By 50.8%

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

PT Adaro Energy Indonesia Tbk Trading Down 7.7 %

ADOOY opened at $7.40 on Wednesday. The firm’s 50 day moving average is $10.93 and its 200-day moving average is $10.99. PT Adaro Energy Indonesia Tbk has a 52-week low of $6.83 and a 52-week high of $15.50.

PT Adaro Energy Indonesia Tbk Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, January 30th. Investors of record on Monday, January 13th will be paid a dividend of $0.3294 per share. The ex-dividend date of this dividend is Monday, January 13th. PT Adaro Energy Indonesia Tbk’s dividend payout ratio (DPR) is 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.