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

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 1,200 shares, a drop of 7.7% from the November 15th total of 1,300 shares. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is currently 0.5 days.

PT Adaro Energy Indonesia Tbk Trading Down 0.2 %

Shares of PT Adaro Energy Indonesia Tbk stock opened at $11.61 on Wednesday. PT Adaro Energy Indonesia Tbk has a 12-month low of $6.83 and a 12-month high of $13.66. The company has a 50-day simple moving average of $11.66 and a 200 day simple moving average of $10.78.

PT Adaro Energy Indonesia Tbk Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $4.2821 dividend. The ex-dividend date is Tuesday, December 24th. This is a boost from PT Adaro Energy Indonesia Tbk’s previous dividend of $0.47. PT Adaro Energy Indonesia Tbk’s payout ratio 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.