Whitehaven Coal Limited (OTCMKTS:WHITF) Short Interest Update

Whitehaven Coal Limited (OTCMKTS:WHITF) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 185,948 shares, a decline of 85.5% from the August 15th total of 1,280,547 shares. Based on an average daily volume of 17,706 shares, the short-interest ratio is presently 10.5 days.

Whitehaven Coal Stock Performance

OTCMKTS:WHITF opened at $6.43 on Friday. The firm’s 50-day moving average is $5.43 and its 200-day moving average is $5.79. Whitehaven Coal has a 52-week low of $3.96 and a 52-week high of $6.85.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on WHITF shares. UBS Group lowered Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. The Goldman Sachs Group upgraded Whitehaven Coal from a “sell” rating to a “hold” rating and set a $8.10 price target for the company in a report on Wednesday, July 8th. Finally, Zacks Research cut Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8.10.

Whitehaven Coal Company Profile

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.