New Hope Co. Limited (OTCMKTS:NHPEF) Short Interest Update

New Hope Co. Limited (OTCMKTS:NHPEF) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 1,693,164 shares, a drop of 19.9% from the December 15th total of 2,113,305 shares. Based on an average daily volume of 1,380 shares, the short-interest ratio is presently 1,226.9 days. Based on an average daily volume of 1,380 shares, the short-interest ratio is presently 1,226.9 days.

New Hope Stock Performance

Shares of OTCMKTS NHPEF opened at $2.99 on Tuesday. The stock’s 50-day moving average is $2.72 and its two-hundred day moving average is $2.75. New Hope has a 1-year low of $2.00 and a 1-year high of $3.22.

New Hope Company Profile

New Hope Corporation Limited (OTCMKTS:NHPEF) is an Australian resources company headquartered in Brisbane, Queensland. The company is principally engaged in the exploration, development and mining of thermal coal reserves. Established with a focus on long-term supply, New Hope operates a portfolio of coal assets in eastern Australia.

Key mining operations include the New Acland Coal Mine on the Darling Downs and the Boggabri Coal Mine project in New South Wales. Utilizing open-cut mining methods, the company produces medium- to high-quality thermal coal for electricity generation.