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

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 900 shares, a growth of 200.0% from the March 31st total of 300 shares. Based on an average trading volume of 4,300 shares, the short-interest ratio is currently 0.2 days.

PT Adaro Energy Indonesia Tbk Stock Performance

Shares of OTCMKTS:ADOOY opened at $8.17 on Friday. PT Adaro Energy Indonesia Tbk has a 52-week low of $7.04 and a 52-week high of $10.47. The business has a 50-day moving average price of $8.31 and a 200-day moving average price of $8.25.

About PT Adaro Energy Indonesia Tbk

PT Adaro Energy Indonesia Tbk, together with its subsidiaries, engages in coal and mining business in Indonesia. It operates through Coal Mining and Trading; Mining Services; Logistics; and Others segments. The company provides trading, transportation, warehousing, quarrying, cargo handling, and mining and transportation support services.