Whitehaven Coal Limited (OTCMKTS:WHITF) Sees Large Decrease in Short Interest

Whitehaven Coal Limited (OTCMKTS:WHITF) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 5,649,800 shares, a drop of 26.6% from the February 28th total of 7,702,100 shares. Based on an average daily trading volume, of 35,800 shares, the days-to-cover ratio is presently 157.8 days.

Whitehaven Coal Price Performance

OTCMKTS WHITF opened at $3.49 on Tuesday. The stock’s fifty day moving average is $3.68 and its two-hundred day moving average is $4.07. Whitehaven Coal has a fifty-two week low of $3.28 and a fifty-two week high of $6.16.

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.