Whitehaven Coal Limited (OTCMKTS:WHITF – Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 2,866,000 shares, an increase of 62.3% from the December 31st total of 1,766,300 shares. Based on an average daily volume of 55,200 shares, the days-to-cover ratio is currently 51.9 days.
Whitehaven Coal Stock Performance
OTCMKTS:WHITF opened at $3.88 on Friday. Whitehaven Coal has a twelve month low of $3.35 and a twelve month high of $6.16. The firm has a 50-day moving average price of $3.97 and a two-hundred day moving average price of $4.43.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group raised Whitehaven Coal from a “hold” rating to a “strong-buy” rating in a report on Sunday, October 27th.
About Whitehaven Coal
Whitehaven Coal Limited develops and operates coal mines in New South Wales and Queensland. It operates through three segments: Open Cut Operations, Underground Operations, and Coal Trading and Blending. The company produces metallurgical and thermal coal. It operates four mines, including three open cut and one underground located in the Gunnedah Coal Basin in New South Wales.
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