PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY – Get Free Report) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 6,100 shares, a drop of 50.8% from the December 15th total of 12,400 shares. Based on an average daily trading volume, of 19,600 shares, the days-to-cover ratio is presently 0.3 days.
PT Adaro Energy Indonesia Tbk Price Performance
ADOOY opened at $7.45 on Thursday. PT Adaro Energy Indonesia Tbk has a 12-month low of $6.83 and a 12-month high of $15.50. The firm has a 50 day moving average of $10.93 and a two-hundred day moving average of $10.99.
PT Adaro Energy Indonesia Tbk Cuts Dividend
The firm also recently declared a dividend, which will be paid on Thursday, January 30th. Shareholders of record on Monday, January 13th will be given a dividend of $0.3294 per share. The ex-dividend date of this dividend is Monday, January 13th. PT Adaro Energy Indonesia Tbk’s dividend payout ratio is presently 40.19%.
PT Adaro Energy Indonesia Tbk Company Profile
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.
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