Short Interest in Exxaro Resources Limited (OTCMKTS:EXXAF) Drops By 68.9%

Exxaro Resources Limited (OTCMKTS:EXXAF) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 994 shares, a decrease of 68.9% from the June 30th total of 3,198 shares. Based on an average trading volume of 37 shares, the short-interest ratio is presently 26.9 days.

Exxaro Resources Price Performance

Shares of OTCMKTS EXXAF opened at $12.45 on Friday. The firm’s 50-day moving average price is $12.76 and its 200-day moving average price is $12.48. Exxaro Resources has a 52-week low of $8.86 and a 52-week high of $13.39.

Exxaro Resources Company Profile

Exxaro Resources is a South African diversified resources group primarily engaged in the mining, processing and marketing of coal. The company’s portfolio includes thermal, metallurgical and anthracite grades, which are supplied to domestic power utilities, industrial customers and export markets. Exxaro also maintains activity in renewable energy through strategic partnerships, underlining a broader commitment to sustainable energy solutions alongside its core mining operations.

Founded in 2006 through the merger of Kumba Resources’ coal division and Eyesizwe Coal, Exxaro has grown to become one of South Africa’s largest coal producers.