Short Interest in PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Decreases By 7.7%

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 1,200 shares, a decrease of 7.7% from the November 15th total of 1,300 shares. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is presently 0.5 days.

PT Adaro Energy Indonesia Tbk Trading Up 6.7 %

Shares of OTCMKTS ADOOY opened at $11.63 on Tuesday. The firm’s 50-day moving average price is $11.67 and its 200-day moving average price is $10.76. PT Adaro Energy Indonesia Tbk has a 1-year low of $6.83 and a 1-year high of $13.66.

PT Adaro Energy Indonesia Tbk Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $4.2821 per share. The ex-dividend date of this dividend is 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 payout ratio is presently 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.