Whitehaven Coal Limited (OTCMKTS:WHITF) Sees Significant Increase in Short Interest

Whitehaven Coal Limited (OTCMKTS:WHITF) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 685,002 shares, a growth of 125.1% from the June 15th total of 304,373 shares. Based on an average trading volume of 20,209 shares, the short-interest ratio is presently 33.9 days.

Whitehaven Coal Stock Down 0.3%

WHITF opened at $5.20 on Friday. The company has a fifty day moving average price of $5.73 and a two-hundred day moving average price of $5.88. Whitehaven Coal has a 52 week low of $3.85 and a 52 week high of $6.85.

Analyst Upgrades and Downgrades

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