PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY – Get Free Report) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 860 shares, an increase of 1,309.8% from the July 15th total of 61 shares. Based on an average daily trading volume, of 411 shares, the days-to-cover ratio is currently 2.1 days.
PT Adaro Energy Indonesia Tbk Price Performance
Shares of ADOOY remained flat at $6.95 during trading hours on Tuesday. The company had a trading volume of 17 shares, compared to its average volume of 3,262. The stock’s 50 day moving average is $6.66 and its 200-day moving average is $6.80. PT Adaro Energy Indonesia Tbk has a 12 month low of $4.96 and a 12 month high of $7.53.
PT Adaro Energy Indonesia Tbk Company Profile
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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