Short Interest in Whitehaven Coal Limited (OTCMKTS:WHITF) Grows By 108.0%

Whitehaven Coal Limited (OTCMKTS:WHITF) was the target of a large increase in short interest during 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 volume of 10,502 shares, the days-to-cover ratio is presently 35.5 days.

Whitehaven Coal Trading Down 1.8%

Shares of WHITF stock opened at $6.11 on Friday. Whitehaven Coal has a 1 year low of $3.41 and a 1 year high of $6.85. The firm’s 50 day moving average is $5.99 and its 200-day moving average is $5.79.

Analysts Set New Price Targets

Several research firms have recently weighed in on WHITF. Jefferies Financial Group reaffirmed a “buy” rating on shares of Whitehaven Coal in a report on Monday, February 16th. Zacks Research raised shares of Whitehaven Coal from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.