Whitehaven Coal Limited (OTCMKTS:WHITF) Sees Significant Drop in Short Interest

Whitehaven Coal Limited (OTCMKTS:WHITF) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 1,465,600 shares, a decline of 39.7% from the May 15th total of 2,432,200 shares. Based on an average daily volume of 12,700 shares, the days-to-cover ratio is presently 115.4 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 8th.

Whitehaven Coal Trading Down 0.3%

Shares of WHITF opened at $3.68 on Wednesday. Whitehaven Coal has a 52-week low of $2.50 and a 52-week high of $6.16. The stock has a fifty day moving average price of $3.35 and a two-hundred day moving average price of $3.59.

Whitehaven Coal Company Profile

Whitehaven Coal Limited develops and operates coal mines in New South Wales and Queensland. It operates through three segments: Open Cut Operations, Underground Operations, and Coal Trading and Blending. The company produces metallurgical and thermal coal. It operates four mines, including three open cut and one underground located in the Gunnedah Coal Basin in New South Wales.