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

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 517 shares, a growth of 51,600.0% from the April 30th total of 1 shares. Based on an average daily volume of 783 shares, the short-interest ratio is currently 0.7 days.

PT Adaro Energy Indonesia Tbk Trading Down 8.1%

Shares of ADOOY traded down $0.55 during mid-day trading on Wednesday, reaching $6.25. 664 shares of the stock traded hands, compared to its average volume of 3,441. The stock has a fifty day simple moving average of $7.02 and a 200 day simple moving average of $6.49. 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.