PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Short Interest Up 200.0% in April

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 900 shares, an increase of 200.0% from the March 31st total of 300 shares. Based on an average trading volume of 4,300 shares, the days-to-cover ratio is currently 0.2 days.

PT Adaro Energy Indonesia Tbk Stock Performance

Shares of ADOOY stock remained flat at $8.06 during midday trading on Thursday. The company’s fifty day moving average price is $8.30 and its 200-day moving average price is $8.26. PT Adaro Energy Indonesia Tbk has a 52 week low of $7.04 and a 52 week high of $10.47.

About PT Adaro Energy Indonesia Tbk

PT Adaro Energy Indonesia Tbk, together with its subsidiaries, engages in coal and mining business in Indonesia. It operates through Coal Mining and Trading; Mining Services; Logistics; and Others segments. The company provides trading, transportation, warehousing, quarrying, cargo handling, and mining and transportation support services.