Short Interest in PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Declines By 95.1%

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 97 shares, a decline of 95.1% from the June 15th total of 1,968 shares. Based on an average daily trading volume, of 768 shares, the short-interest ratio is presently 0.1 days.

PT Adaro Energy Indonesia Tbk Price Performance

Shares of OTCMKTS:ADOOY remained flat at $6.45 during trading on Friday. The stock had a trading volume of 193 shares, compared to its average volume of 3,439. PT Adaro Energy Indonesia Tbk has a 12-month low of $4.96 and a 12-month high of $7.53. The stock has a fifty day moving average of $6.64 and a two-hundred day moving average of $6.67.

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.