Exxaro Resources Limited (OTCMKTS:EXXAF – Get Free Report) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 960 shares, a growth of 166.7% from the August 31st total of 360 shares. Based on an average daily volume of 120 shares, the days-to-cover ratio is currently 8.0 days.
Exxaro Resources Trading Down 5.7%
EXXAF traded down $0.66 on Monday, reaching $10.95. The company had a trading volume of 2,500 shares, compared to its average volume of 1,297. The business has a 50 day simple moving average of $12.28 and a 200 day simple moving average of $12.63. Exxaro Resources has a 52-week low of $9.87 and a 52-week high of $13.39.
About Exxaro Resources
Exxaro Resources Limited is a South African diversified resources company focused primarily on the mining and marketing of coal. Its operations include thermal and metallurgical coal production, with coal supplied to domestic power-generation and industrial customers as well as international export markets. The company’s principal coal assets include the Grootegeluk, Leeuwpan, Matla and Belfast mines in South Africa.
Grootegeluk, located in Limpopo province, is one of the world’s larger integrated coal-mining and beneficiation complexes and supplies coal to South Africa’s electricity sector, including Eskom.
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