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

Whitehaven Coal Limited (OTCMKTS:WHITF) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 7,702,100 shares, an increase of 62.8% from the February 13th total of 4,731,800 shares. Based on an average daily volume of 64,400 shares, the days-to-cover ratio is currently 119.6 days.

Whitehaven Coal Stock Performance

Shares of WHITF opened at $3.62 on Monday. Whitehaven Coal has a 12 month low of $3.28 and a 12 month high of $6.16. The firm has a fifty day simple moving average of $3.73 and a 200 day simple moving average of $4.11.

Whitehaven Coal Company Profile

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.