Exxaro Resources Limited (OTCMKTS:EXXAF) Sees Significant Drop in Short Interest

Exxaro Resources Limited (OTCMKTS:EXXAF) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 3,857 shares, a decrease of 55.7% from the April 30th total of 8,707 shares. Based on an average daily trading volume, of 869 shares, the short-interest ratio is currently 4.4 days.

Exxaro Resources Stock Performance

Shares of EXXAF remained flat at $13.10 on Monday. The stock’s 50 day simple moving average is $13.00 and its 200-day simple moving average is $11.88. Exxaro Resources has a 52 week low of $7.77 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.