Exxaro Resources Limited (OTCMKTS:EXXAF) Short Interest Down 47.6% in July

Exxaro Resources Limited (OTCMKTS:EXXAFGet Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 521 shares, a drop of 47.6% from the July 15th total of 994 shares. Based on an average daily volume of 17 shares, the short-interest ratio is currently 30.6 days.

Exxaro Resources Stock Performance

Shares of OTCMKTS:EXXAF remained flat at $12.26 during trading on Tuesday. The stock has a 50-day simple moving average of $12.50 and a 200 day simple moving average of $12.58. Exxaro Resources has a 12 month low of $9.87 and a 12 month high of $13.39.

Exxaro Resources Company Profile

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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.

Further Reading

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