PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Short Interest Down 50.8% in January

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 6,100 shares, a decline of 50.8% from the December 31st total of 12,400 shares. Based on an average trading volume of 19,600 shares, the short-interest ratio is currently 0.3 days.

PT Adaro Energy Indonesia Tbk Trading Up 0.7 %

ADOOY stock opened at $7.35 on Wednesday. PT Adaro Energy Indonesia Tbk has a 1 year low of $6.83 and a 1 year high of $15.50. The stock has a 50-day simple moving average of $9.97 and a 200-day simple moving average of $10.91.

PT Adaro Energy Indonesia Tbk Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, January 30th. Investors of record on Monday, January 13th will be given a dividend of $0.3294 per share. The ex-dividend date is Monday, January 13th. PT Adaro Energy Indonesia Tbk’s dividend payout ratio is currently 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.