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

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,300 shares, a drop of 53.6% from the February 28th total of 2,800 shares. Based on an average trading volume of 10,100 shares, the short-interest ratio is currently 0.1 days.

PT Adaro Energy Indonesia Tbk Stock Performance

Shares of ADOOY stock opened at $5.55 on Friday. PT Adaro Energy Indonesia Tbk has a fifty-two week low of $5.31 and a fifty-two week high of $15.50. The business has a fifty day simple moving average of $6.48 and a 200-day simple moving average of $9.73.

PT Adaro Energy Indonesia Tbk Cuts Dividend

The business also recently declared 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 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.