PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Sees Large Growth in Short Interest

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 151 shares, a growth of 67.8% from the August 15th total of 90 shares. Based on an average trading volume of 2,342 shares, the days-to-cover ratio is presently 0.1 days.

PT Adaro Energy Indonesia Tbk Stock Performance

ADOOY opened at $7.55 on Friday. The stock’s 50 day simple moving average is $7.12 and its 200 day simple moving average is $6.93. PT Adaro Energy Indonesia Tbk has a 1 year low of $4.96 and a 1 year high of $7.68.

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.