PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Short Interest Down 51.9% in June

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 2,600 shares, a decline of 51.9% from the June 15th total of 5,400 shares. Based on an average trading volume of 25,100 shares, the short-interest ratio is currently 0.1 days.

PT Adaro Energy Indonesia Tbk Stock Down 5.2 %

Shares of OTCMKTS ADOOY opened at $8.41 on Friday. PT Adaro Energy Indonesia Tbk has a 1-year low of $7.49 and a 1-year high of $10.04. The company has a 50-day moving average of $8.67 and a two-hundred day moving average of $8.37.

PT Adaro Energy Indonesia Tbk Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 20th. Shareholders of record on Monday, June 10th were paid a $0.4658 dividend. The ex-dividend date 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 currently 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.