Whitehaven Coal Limited (OTCMKTS:WHITF) Short Interest Update

Whitehaven Coal Limited (OTCMKTS:WHITF) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 685,002 shares, a growth of 125.1% from the June 15th total of 304,373 shares. Based on an average trading volume of 20,209 shares, the days-to-cover ratio is presently 33.9 days.

Whitehaven Coal Stock Performance

OTCMKTS WHITF opened at $5.18 on Wednesday. Whitehaven Coal has a fifty-two week low of $3.85 and a fifty-two week high of $6.85. The stock’s 50-day moving average is $5.76 and its two-hundred day moving average is $5.88.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WHITF shares. UBS Group cut Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Zacks Research lowered shares of Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, The Goldman Sachs Group upgraded shares of Whitehaven Coal from a “sell” rating to a “hold” rating and set a $8.10 price target for the company in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Whitehaven Coal currently has a consensus rating of “Hold” and a consensus price target of $8.10.

About Whitehaven Coal

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.