Indonesia Energy (NYSE:INDO) Shares Down 1.7%

Indonesia Energy Co. Limited (NYSE:INDO) shares were down 1.7% on Tuesday . The company traded as low as $3.31 and last traded at $3.39. Approximately 94,823 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 214,361 shares. The stock had previously closed at $3.45.

Indonesia Energy Trading Down 1.7 %

The firm has a fifty day moving average price of $3.65 and a 200 day moving average price of $4.09.

Institutional Investors Weigh In On Indonesia Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG purchased a new stake in Indonesia Energy during the 1st quarter worth approximately $28,000. GSA Capital Partners LLP purchased a new stake in shares of Indonesia Energy during the fourth quarter worth $48,000. Commonwealth Equity Services LLC purchased a new stake in shares of Indonesia Energy during the third quarter worth $64,000. Verition Fund Management LLC purchased a new stake in shares of Indonesia Energy during the second quarter worth $68,000. Finally, Virtu Financial LLC purchased a new stake in shares of Indonesia Energy during the fourth quarter worth $101,000. 0.40% of the stock is owned by hedge funds and other institutional investors.

About Indonesia Energy

Indonesia Energy Corporation Limited operates as an oil and gas exploration and production company in Indonesia. The company holds interests in the Kruh Block, a producing block covering an area of 258 square kilometers with net crude oil proved reserves of 2.06 million barrels located to the northwest of Pendopo, Pali, South Sumatra; and the Citarum Block, an exploration block covering an area of 3,924.67 square kilometers located onshore in West Java.