PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totalling 5,400 shares, a drop of 40.7% from the May 31st total of 9,100 shares. Based on an average daily volume of 3,700 shares, the days-to-cover ratio is presently 1.5 days.
PT Adaro Energy Indonesia Tbk Stock Performance
Shares of ADOOY opened at $8.14 on Friday. The company’s fifty day moving average is $8.62 and its 200 day moving average is $8.35. PT Adaro Energy Indonesia Tbk has a fifty-two week low of $7.49 and a fifty-two week high of $10.04.
PT Adaro Energy Indonesia Tbk Increases Dividend
The firm also recently announced a dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, June 10th were issued a $0.4658 dividend. The ex-dividend date of this dividend was Monday, June 10th. This is an increase from PT Adaro Energy Indonesia Tbk’s previous dividend of $0.46. PT Adaro Energy Indonesia Tbk’s payout ratio is 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.
Further Reading
- Five stocks we like better than PT Adaro Energy Indonesia Tbk
- Stock Market Sectors: What Are They and How Many Are There?
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- Canadian Penny Stocks: Can They Make You Rich?
- MarketBeat Week in Review – 6/24 – 6/28
- Retail Stocks Investing, Explained
- General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
Receive News & Ratings for PT Adaro Energy Indonesia Tbk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PT Adaro Energy Indonesia Tbk and related companies with MarketBeat.com's FREE daily email newsletter.