Whitehaven Coal Limited (OTCMKTS:WHITF) Short Interest Update

Whitehaven Coal Limited (OTCMKTS:WHITF) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 1,020,581 shares, a drop of 58.7% from the April 15th total of 2,469,062 shares. Based on an average trading volume of 24,610 shares, the days-to-cover ratio is presently 41.5 days.

Whitehaven Coal Stock Performance

Whitehaven Coal stock opened at $5.64 on Friday. Whitehaven Coal has a fifty-two week low of $3.23 and a fifty-two week high of $6.85. The firm’s fifty day moving average price is $6.10 and its 200-day moving average price is $5.57.

Wall Street Analyst Weigh In

WHITF has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Whitehaven Coal in a report on Monday, February 16th. Zacks Research raised shares of Whitehaven Coal to a “hold” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $6.10.

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.