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

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,968 shares, a growth of 304.1% from the May 31st total of 487 shares. Based on an average trading volume of 1,701 shares, the days-to-cover ratio is currently 1.2 days.

PT Adaro Energy Indonesia Tbk Price Performance

ADOOY stock opened at $6.36 on Friday. The stock’s 50 day simple moving average is $6.75 and its 200 day simple moving average is $6.61. PT Adaro Energy Indonesia Tbk has a 12-month low of $4.96 and a 12-month high of $7.53.

PT Adaro Energy Indonesia Tbk Company Profile

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.