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

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 12,400 shares, a growth of 933.3% from the November 30th total of 1,200 shares. Based on an average trading volume of 5,200 shares, the days-to-cover ratio is currently 2.4 days.

PT Adaro Energy Indonesia Tbk Trading Down 44.3 %

Shares of OTCMKTS:ADOOY traded down $4.03 during trading on Thursday, reaching $8.64. The company had a trading volume of 32,758 shares, compared to its average volume of 4,420. PT Adaro Energy Indonesia Tbk has a fifty-two week low of $6.83 and a fifty-two week high of $15.50. The stock’s fifty day moving average price is $11.58 and its 200 day moving average price is $10.86.

PT Adaro Energy Indonesia Tbk Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $4.2821 dividend. The ex-dividend date of this dividend was Tuesday, December 24th. This is an increase from PT Adaro Energy Indonesia Tbk’s previous dividend of $0.47. PT Adaro Energy Indonesia Tbk’s dividend payout ratio is currently 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.