PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Sees Large Increase in Short Interest

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 517 shares, a growth of 51,600.0% from the April 30th total of 1 shares. Based on an average trading volume of 783 shares, the short-interest ratio is currently 0.7 days.

PT Adaro Energy Indonesia Tbk Price Performance

Shares of ADOOY traded down $0.55 during mid-day trading on Wednesday, hitting $6.25. The company had a trading volume of 664 shares, compared to its average volume of 3,441. The business’s 50-day simple moving average is $7.02 and its 200-day simple moving average is $6.49. PT Adaro Energy Indonesia Tbk has a 1-year low of $4.96 and a 1-year high of $7.53.

About PT Adaro Energy Indonesia Tbk

PT Adaro Energy Indonesia Tbk is one of Indonesia’s leading integrated energy companies, primarily engaged in the exploration, mining, and trading of thermal coal. Established in 2004 and headquartered in Jakarta, the company’s core operations are centered on its flagship coal mine in South Kalimantan, which comprises the expansive Tutupan and Paringin mining complexes. Adaro Energy’s business model extends beyond coal production to include an integrated logistics network and value-added services designed to optimize supply chain efficiency.

In addition to coal extraction, Adaro Energy operates a comprehensive logistics infrastructure that includes heavy-haul railways, barge fleets, and port facilities.