Indonesia Energy (NYSE:INDO) Shares Down 22.4%

Indonesia Energy Co. Limited (NYSE:INDO)’s share price fell 22.4% during trading on Tuesday . The company traded as low as $4.57 and last traded at $4.72. 6,694,105 shares changed hands during trading, an increase of 385% from the average session volume of 1,379,528 shares. The stock had previously closed at $6.08.

Indonesia Energy Trading Up 9.2 %

The stock has a fifty day moving average of $2.62 and a 200 day moving average of $2.90.

Institutional Investors Weigh In On Indonesia Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its holdings in shares of Indonesia Energy by 100.0% during the third quarter. Commonwealth Equity Services LLC now owns 40,000 shares of the company’s stock worth $148,000 after purchasing an additional 20,000 shares during the period. Virtu Financial LLC acquired a new stake in shares of Indonesia Energy during the first quarter worth about $222,000. Jane Street Group LLC lifted its holdings in shares of Indonesia Energy by 218.7% during the third quarter. Jane Street Group LLC now owns 32,904 shares of the company’s stock worth $213,000 after purchasing an additional 22,578 shares during the period. Millennium Management LLC raised its position in Indonesia Energy by 32.9% during the second quarter. Millennium Management LLC now owns 24,659 shares of the company’s stock valued at $162,000 after acquiring an additional 6,098 shares in the last quarter. Finally, Bank of Montreal Can raised its position in Indonesia Energy by 60.0% during the second quarter. Bank of Montreal Can now owns 16,000 shares of the company’s stock valued at $125,000 after acquiring an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 0.51% of the company’s stock.

About Indonesia Energy

Indonesia Energy Corporation Limited operates as an oil and gas exploration and production company in Indonesia. The company holds interests in the Kruh Block, a producing block covering an area of 258 square kilometers with net crude oil proved reserves of 2.06 million barrels located to the northwest of Pendopo, Pali, South Sumatra; and the Citarum Block, an exploration block covering an area of 3,924.67 square kilometers located onshore in West Java.