Whitehaven Coal Limited (OTCMKTS:WHITF) Short Interest Update

Whitehaven Coal Limited (OTCMKTS:WHITF) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 469,088 shares, a drop of 38.9% from the July 15th total of 767,903 shares. Based on an average trading volume of 12,531 shares, the days-to-cover ratio is currently 37.4 days.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on WHITF shares. 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 report on Wednesday, July 8th. UBS Group downgraded Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Zacks Research lowered Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.10.

Whitehaven Coal Stock Performance

Shares of WHITF opened at $5.43 on Wednesday. The company has a 50 day moving average of $5.35 and a two-hundred day moving average of $5.82. Whitehaven Coal has a twelve month low of $3.96 and a twelve month high of $6.85.

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.