Short Interest in PT Adaro Energy Tbk (OTCMKTS:ADOOY) Expands By 100.0%

PT Adaro Energy Tbk (OTCMKTS:ADOOYGet Rating) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 400 shares, an increase of 100.0% from the March 15th total of 200 shares. Based on an average daily trading volume, of 300 shares, the short-interest ratio is currently 1.3 days.

Separately, JPMorgan Chase & Co. upgraded shares of PT Adaro Energy Tbk from a “neutral” rating to an “overweight” rating in a report on Monday, March 7th.

Shares of OTCMKTS ADOOY opened at $10.16 on Friday. The business’s fifty day simple moving average is $9.55 and its 200-day simple moving average is $7.73. PT Adaro Energy Tbk has a 12-month low of $3.87 and a 12-month high of $11.70.

About PT Adaro Energy Tbk (Get Rating)

PT Adaro Energy Indonesia Tbk engages in the integrated coal mining, logistics, and power businesses through its subsidiaries. It operates through the following segments: Coal Mining and Trading, Mining Services, Logistics, and Others. The Coal Mining and Trading segment produces and distributes thermal coal.

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