PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY – Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 90 shares, a decrease of 89.5% from the July 30th total of 860 shares. Based on an average daily volume of 149 shares, the days-to-cover ratio is presently 0.6 days.
PT Adaro Energy Indonesia Tbk Stock Performance
ADOOY stock remained flat at $7.30 during midday trading on Tuesday. The company had a trading volume of 5,100 shares, compared to its average volume of 3,155. PT Adaro Energy Indonesia Tbk has a 52-week low of $4.96 and a 52-week high of $7.53. The stock’s fifty day moving average is $6.79 and its 200-day moving average is $6.82.
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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