PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Short Interest Down 89.5% in August

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 90 shares, a decline of 89.5% from the July 30th total of 860 shares. Based on an average trading volume of 149 shares, the days-to-cover ratio is presently 0.6 days.

PT Adaro Energy Indonesia Tbk Price Performance

Shares of OTCMKTS:ADOOY 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. The company has a fifty day simple moving average of $6.79 and a two-hundred day simple moving average of $6.82. PT Adaro Energy Indonesia Tbk has a fifty-two week low of $4.96 and a fifty-two week high of $7.53.

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.