PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Short Interest Update

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOYGet Rating) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 300 shares, a decrease of 25.0% from the March 31st total of 400 shares. Based on an average trading volume of 1,000 shares, the short-interest ratio is currently 0.3 days.

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

Shares of OTCMKTS ADOOY opened at $11.90 on Monday. The stock’s fifty day moving average price is $10.19 and its two-hundred day moving average price is $8.13. PT Adaro Energy Indonesia Tbk has a one year low of $3.87 and a one year high of $11.90.

PT Adaro Energy Indonesia Tbk Company Profile (Get Rating)

PT Adaro Energy Indonesia Tbk, together with its subsidiaries, operates as an integrated energy producer in coal, energy, utilities, and supporting infrastructure sectors in Indonesia. The company operates through Coal Mining and Trading; Mining Services; Logistics; and Others segments. It provides coal mining and trading, mining contracting, quarrying, ship loading, mining support services, transportation, coal handling and barging, terminal handling, seaport, agriculture, power plant, trading, warehousing and transportation support, and water and mud treatment services.

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