PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY – Get Free Report) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 97 shares, a drop of 95.1% from the June 15th total of 1,968 shares. Based on an average daily trading volume, of 768 shares, the days-to-cover ratio is presently 0.1 days.
PT Adaro Energy Indonesia Tbk Price Performance
Shares of ADOOY remained flat at $6.45 during trading on Friday. 193 shares of the company’s stock were exchanged, compared to its average volume of 3,439. The business’s fifty day moving average is $6.64 and its 200-day moving average is $6.67. PT Adaro Energy Indonesia Tbk has a 1-year low of $4.96 and a 1-year high of $7.53.
About PT Adaro Energy Indonesia Tbk
PT Adaro Energy Indonesia Tbk is one of Indonesia’s leading integrated energy companies, primarily engaged in the exploration, mining, and trading of thermal coal. Established in 2004 and headquartered in Jakarta, the company’s core operations are centered on its flagship coal mine in South Kalimantan, which comprises the expansive Tutupan and Paringin mining complexes. Adaro Energy’s business model extends beyond coal production to include an integrated logistics network and value-added services designed to optimize supply chain efficiency.
In addition to coal extraction, Adaro Energy operates a comprehensive logistics infrastructure that includes heavy-haul railways, barge fleets, and port facilities.
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