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

Whitehaven Coal Limited (OTCMKTS:WHITF) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 373,108 shares, an increase of 108.0% from the May 14th total of 179,358 shares. Based on an average daily trading volume, of 10,502 shares, the days-to-cover ratio is currently 35.5 days.

Whitehaven Coal Stock Performance

Whitehaven Coal stock opened at $6.11 on Monday. Whitehaven Coal has a 12 month low of $3.41 and a 12 month high of $6.85. The stock’s 50 day simple moving average is $5.99 and its two-hundred day simple moving average is $5.80.

Wall Street Analyst Weigh In

WHITF has been the topic of several research reports. Jefferies Financial Group reiterated a “buy” rating on shares of Whitehaven Coal in a report on Monday, February 16th. Zacks Research raised Whitehaven Coal from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $6.10.

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.