Whitehaven Coal Limited (OTCMKTS:WHITF) Short Interest Update

Whitehaven Coal Limited (OTCMKTS:WHITF) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 469,088 shares, a drop of 38.9% from the July 15th total of 767,903 shares. Based on an average trading volume of 12,531 shares, the short-interest ratio is currently 37.4 days.

Analyst Upgrades and Downgrades

WHITF has been the topic of a number of analyst reports. UBS Group lowered Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Zacks Research lowered Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Finally, The Goldman Sachs Group upgraded Whitehaven Coal from a “sell” rating to a “hold” rating and set a $8.10 price target on the stock in a research report on Wednesday, July 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Whitehaven Coal currently has an average rating of “Hold” and a consensus price target of $8.10.

Whitehaven Coal Price Performance

WHITF stock opened at $5.45 on Thursday. Whitehaven Coal has a one year low of $3.96 and a one year high of $6.85. The firm has a 50 day simple moving average of $5.34 and a two-hundred day simple moving average of $5.81.

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.