Whitehaven Coal Limited (OTCMKTS:WHITF) Stock Short Interest Declines 91.4%

Whitehaven Coal Limited (OTCMKTS:WHITF) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 131,423 shares, a decrease of 91.4% from the October 15th total of 1,523,650 shares. Based on an average trading volume of 2,969 shares, the short-interest ratio is currently 44.3 days.

Whitehaven Coal Trading Up 8.9%

Shares of Whitehaven Coal stock traded up $0.42 during trading on Wednesday, hitting $5.21. 100 shares of the company’s stock traded hands, compared to its average volume of 13,075. Whitehaven Coal has a 1 year low of $4.25 and a 1 year high of $6.85. The business has a 50-day simple moving average of $5.54 and a 200-day simple moving average of $5.75.

Whitehaven Coal Company Profile

Whitehaven Coal Limited is an Australian coal producer focused on the exploration, development, operation and rehabilitation of coal mines. The company produces primarily thermal coal for use in electricity generation, along with metallurgical coal used in steelmaking. Whitehaven’s operations are concentrated in New South Wales and Queensland. Its New South Wales portfolio includes the Maules Creek open-cut mine and the Narrabri underground mine in the Gunnedah Basin. The company also owns and operates the Blackwater and Daunia metallurgical coal mines in Queensland’s Bowen Basin, which it acquired from BHP and Mitsubishi Development in 2023.