Whitehaven Coal Limited (OTCMKTS:WHITF) Shares Shorted: Short Interest Down 91.4% in October

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

Whitehaven Coal Price Performance

WHITF stock traded up $0.42 during midday trading on Wednesday, hitting $5.21. 100 shares of the company’s stock were exchanged, compared to its average volume of 13,075. The firm has a 50 day moving average price of $5.54 and a 200-day moving average price of $5.75. Whitehaven Coal has a 12-month low of $4.25 and a 12-month high of $6.85.

About Whitehaven Coal

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.