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

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 100 shares, a drop of 98.5% from the June 30th total of 6,500 shares. Based on an average daily trading volume, of 7,600 shares, the short-interest ratio is presently 0.0 days.

PT Adaro Energy Indonesia Tbk Price Performance

OTCMKTS:ADOOY opened at $5.94 on Thursday. The business’s 50-day moving average is $6.00 and its two-hundred day moving average is $6.09. PT Adaro Energy Indonesia Tbk has a 12 month low of $4.53 and a 12 month high of $15.50.

PT Adaro Energy Indonesia Tbk Increases Dividend

The business also recently announced a dividend, which was paid on Friday, July 11th. Stockholders of record on Monday, June 23rd were paid a $0.3397 dividend. The ex-dividend date of this dividend was Friday, June 20th. This represents a dividend yield of 60.62%. This is a positive change from PT Adaro Energy Indonesia Tbk’s previous dividend of $0.33. PT Adaro Energy Indonesia Tbk’s dividend payout ratio (DPR) is 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.