Can ADARO ENERGY (OTCMKTS:ADOOY)’s Tomorrow Be Different? The Stock Had Decline in Shorts

January 10, 2018 - By Max Morgan

The stock of ADARO ENERGY (OTCMKTS:ADOOY) registered a decrease of 68.42% in short interest. ADOOY’s total short interest was 600 shares in January as published by FINRA. Its down 68.42% from 1,900 shares, reported previously. With 100 shares average volume, it will take short sellers 6 days to cover their ADOOY’s short positions.

It closed at $7.1 lastly. It is down 0.00% since January 10, 2017 and is . It has underperformed by 16.70% the S&P500.

PT Adaro Energy Tbk, together with its subsidiaries, explores for, mines, sells, and trades in coal in Indonesia. The company has market cap of $4.88 billion. It operates through Coal Mining and Trading; Mining Services; Logistics; and Others divisions. It has a 9.47 P/E ratio. The companyÂ’s principal mine concession has 873 million tons of coal reserves that is located at Tabalong in South Kalimantan.

More recent PT Adaro Energy Tbk (OTCMKTS:ADOOY) news were published by: Reuters.com which released: “Indonesia’s Adaro sees stable coal prices in 2018” on October 20, 2017. Also Reuters.com published the news titled: “Indonesia’s Batang power plant could generate $80 million a month: Adaro CEO” on June 10, 2016. Reuters.com‘s news article titled: “SE Asia Stocks-Most gain; Vietnam hits 10-year closing high” with publication date: January 08, 2018 was also an interesting one.

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