Whitehaven Coal Limited (OTCMKTS:WHITF) Short Interest Down 85.5% in August

Whitehaven Coal Limited (OTCMKTS:WHITF) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 185,948 shares, a decrease of 85.5% from the August 15th total of 1,280,547 shares. Based on an average daily volume of 17,706 shares, the days-to-cover ratio is currently 10.5 days.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Zacks Research cut shares of Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group raised Whitehaven Coal from a “sell” rating to a “hold” rating and set a $8.10 price objective on the stock in a research note on Wednesday, July 8th. Finally, UBS Group cut Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $8.10.

Whitehaven Coal Stock Down 0.5%

WHITF opened at $6.40 on Friday. Whitehaven Coal has a 1-year low of $3.96 and a 1-year high of $6.85. The company has a fifty day moving average price of $5.45 and a two-hundred day moving average price of $5.80.

Whitehaven Coal Company Profile

Whitehaven Coal (OTCMKTS:WHITF) is an Australian coal producer primarily engaged in the exploration, development, production and sale of coal in New South Wales. The company’s operating assets are located in the resource-rich Gunnedah Basin and the Hunter Valley region, where it develops both open-cut and underground mining projects. Whitehaven focuses on delivering high-quality coal products to industrial and power generation markets.

The company’s main operating mines include Maules Creek, Narrabri and its flagship Whitehaven Mine, each equipped with modern mining and processing facilities.