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

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 500 shares, a decrease of 68.8% from the August 31st total of 1,600 shares. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is presently 0.2 days.

PT Adaro Energy Indonesia Tbk Price Performance

OTCMKTS:ADOOY opened at $13.00 on Friday. The stock has a 50 day moving average of $11.13 and a 200-day moving average of $9.45. PT Adaro Energy Indonesia Tbk has a 52 week low of $7.49 and a 52 week high of $13.66.

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.