Exxaro Resources Limited (OTCMKTS:EXXAF) Sees Large Growth in Short Interest

Exxaro Resources Limited (OTCMKTS:EXXAF) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 3,460 shares, an increase of 260.4% from the September 15th total of 960 shares. Based on an average daily volume of 1,911 shares, the short-interest ratio is presently 1.8 days.

Exxaro Resources Price Performance

Shares of EXXAF remained flat at $10.00 during mid-day trading on Friday. Exxaro Resources has a 12 month low of $9.87 and a 12 month high of $13.39. The stock has a 50-day simple moving average of $11.87 and a 200 day simple moving average of $12.49.

Exxaro Resources Company Profile

Exxaro Resources Limited is a South African diversified resources company focused primarily on the mining and marketing of coal. Its operations include thermal and metallurgical coal production, with coal supplied to domestic power-generation and industrial customers as well as international export markets. The company’s principal coal assets include the Grootegeluk, Leeuwpan, Matla and Belfast mines in South Africa.

Grootegeluk, located in Limpopo province, is one of the world’s larger integrated coal-mining and beneficiation complexes and supplies coal to South Africa’s electricity sector, including Eskom.