PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY – Get Free Report) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 61 shares, a drop of 37.1% from the June 30th total of 97 shares. Based on an average daily volume of 451 shares, the days-to-cover ratio is currently 0.1 days.
PT Adaro Energy Indonesia Tbk Stock Performance
Shares of ADOOY stock opened at $7.12 on Friday. PT Adaro Energy Indonesia Tbk has a 1 year low of $4.96 and a 1 year high of $7.53. The business’s fifty day moving average is $6.59 and its 200-day moving average is $6.79.
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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