Short Interest in Whitehaven Coal Limited (OTCMKTS:WHITF) Drops By 85.5%

Whitehaven Coal Limited (OTCMKTS:WHITF) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 185,948 shares, a decrease 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

Shares of Whitehaven Coal stock opened at $6.43 on Friday. The firm has a fifty day simple moving average of $5.43 and a 200-day simple moving average of $5.79. Whitehaven Coal has a 1-year low of $3.96 and a 1-year high of $6.85.

Analyst Ratings Changes

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

About Whitehaven Coal

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.