PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Short Interest Down 95.1% in June

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 97 shares, a decline of 95.1% from the June 15th total of 1,968 shares. Based on an average trading volume of 768 shares, the days-to-cover ratio is currently 0.1 days.

PT Adaro Energy Indonesia Tbk Price Performance

OTCMKTS:ADOOY opened at $6.45 on Friday. PT Adaro Energy Indonesia Tbk has a 52 week low of $4.96 and a 52 week high of $7.53. The firm’s 50-day simple moving average is $6.62 and its 200 day simple moving average is $6.67.

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.