Exxaro Resources Limited (OTCMKTS:EXXAF) Sees Large Drop in Short Interest

Exxaro Resources Limited (OTCMKTS:EXXAF) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 3,857 shares, a decline of 55.7% from the April 30th total of 8,707 shares. Based on an average daily trading volume, of 869 shares, the days-to-cover ratio is presently 4.4 days.

Exxaro Resources Stock Performance

EXXAF stock remained flat at $13.10 during midday trading on Tuesday. Exxaro Resources has a fifty-two week low of $7.77 and a fifty-two week high of $13.39. The stock’s fifty day moving average price is $13.01 and its 200-day moving average price is $11.90.

Exxaro Resources Company Profile

Exxaro Resources is a South African diversified resources group primarily engaged in the mining, processing and marketing of coal. The company’s portfolio includes thermal, metallurgical and anthracite grades, which are supplied to domestic power utilities, industrial customers and export markets. Exxaro also maintains activity in renewable energy through strategic partnerships, underlining a broader commitment to sustainable energy solutions alongside its core mining operations.

Founded in 2006 through the merger of Kumba Resources’ coal division and Eyesizwe Coal, Exxaro has grown to become one of South Africa’s largest coal producers.