PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Short Interest Down 40.7% in June

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) 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.