Exxaro Resources Limited (OTCMKTS:EXXAF) Sees Large Drop in Short Interest
by Amy Steele · The Cerbat GemExxaro Resources Limited (OTCMKTS:EXXAF – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 521 shares, a decline of 47.6% from the July 15th total of 994 shares. Based on an average trading volume of 17 shares, the short-interest ratio is currently 30.6 days.
Exxaro Resources Price Performance
Shares of EXXAF stock remained flat at $12.26 during midday trading on Friday. The stock’s fifty day moving average price is $12.52 and its 200 day moving average price is $12.57. Exxaro Resources has a 12 month low of $9.87 and a 12 month high of $13.39.
About Exxaro Resources
Exxaro Resources is a South African diversified resources group primarily engaged in the mining, processing and marketing of coal. The company’s portfolio includes thermal, metallurgical and anthracite grades, which are supplied to domestic power utilities, industrial customers and export markets. Exxaro also maintains activity in renewable energy through strategic partnerships, underlining a broader commitment to sustainable energy solutions alongside its core mining operations.
Founded in 2006 through the merger of Kumba Resources’ coal division and Eyesizwe Coal, Exxaro has grown to become one of South Africa’s largest coal producers.