Short Interest in PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Increases By 1,309.8%

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 860 shares, a growth of 1,309.8% from the July 15th total of 61 shares. Based on an average daily trading volume, of 411 shares, the days-to-cover ratio is presently 2.1 days.

PT Adaro Energy Indonesia Tbk Stock Performance

Shares of OTCMKTS:ADOOY remained flat at $6.95 during mid-day trading on Tuesday. The company had a trading volume of 17 shares, compared to its average volume of 3,262. The stock’s 50 day simple moving average is $6.66 and its 200 day simple moving average is $6.80. PT Adaro Energy Indonesia Tbk has a 52 week low of $4.96 and a 52 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.