Whitehaven Coal Limited (OTCMKTS:WHITF) Short Interest Update

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Zacks Research cut Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. The Goldman Sachs Group raised Whitehaven Coal from a “sell” rating to a “hold” rating and set a $8.10 price target for the company in a research note on Wednesday, July 8th. Finally, UBS Group cut Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.10.

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Whitehaven Coal Price Performance

Shares of OTCMKTS WHITF opened at $5.96 on Friday. Whitehaven Coal has a twelve month low of $3.96 and a twelve month high of $6.85. The firm has a 50-day moving average of $5.30 and a two-hundred day moving average of $5.78.

Whitehaven Coal Company Profile

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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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