PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Short Interest Up 11.5% in July

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 2,900 shares, a growth of 11.5% from the June 30th total of 2,600 shares. Based on an average daily volume of 3,500 shares, the short-interest ratio is presently 0.8 days.

PT Adaro Energy Indonesia Tbk Stock Up 1.2 %

ADOOY stock opened at $9.83 on Wednesday. The stock’s 50 day moving average price is $8.77 and its 200 day moving average price is $8.44. PT Adaro Energy Indonesia Tbk has a 1 year low of $7.49 and a 1 year high of $10.10.

PT Adaro Energy Indonesia Tbk Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, June 10th were given a $0.4658 dividend. This is an increase from PT Adaro Energy Indonesia Tbk’s previous dividend of $0.46. The ex-dividend date was Monday, June 10th. PT Adaro Energy Indonesia Tbk’s dividend 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.