Whitehaven Coal Limited (OTCMKTS:WHITF) Short Interest Up 173.0% in August

by · The Markets Daily

Whitehaven Coal Limited (OTCMKTS:WHITF – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,280,547 shares, a growth of 173.0% from the July 30th total of 469,088 shares. Based on an average daily trading volume, of 12,443 shares, the days-to-cover ratio is presently 102.9 days.

Whitehaven Coal Price Performance

Shares of OTCMKTS:WHITF opened at $5.96 on Friday. The firm has a 50 day moving average of $5.30 and a 200 day moving average of $5.78. Whitehaven Coal has a 52 week low of $3.96 and a 52 week high of $6.85.

Analyst Upgrades and Downgrades

WHITF has been the topic of several research reports. The Goldman Sachs Group upgraded Whitehaven Coal from a “sell” rating to a “hold” rating and set a $8.10 price target on the stock in a research note on Wednesday, July 8th. Zacks Research lowered shares of Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Finally, UBS Group cut shares of Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.10.

Check Out Our Latest Analysis on Whitehaven Coal

About Whitehaven Coal

(Get Free Report)

Whitehaven Coal (OTCMKTS:WHITF) is an Australian coal producer primarily engaged in the exploration, development, production and sale of coal in New South Wales. The company’s operating assets are located in the resource-rich Gunnedah Basin and the Hunter Valley region, where it develops both open-cut and underground mining projects. Whitehaven focuses on delivering high-quality coal products to industrial and power generation markets.

The company’s main operating mines include Maules Creek, Narrabri and its flagship Whitehaven Mine, each equipped with modern mining and processing facilities.

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