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

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

PT Adaro Energy Indonesia Tbk Stock Down 4.5 %

ADOOY opened at $6.30 on Friday. The business’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 52 week low of $6.30 and a 52 week high of $15.50.

PT Adaro Energy Indonesia Tbk Cuts Dividend

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