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

Whitehaven Coal Limited (OTCMKTS:WHITF) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 2,866,000 shares, an increase of 62.3% from the December 31st total of 1,766,300 shares. Based on an average trading volume of 55,200 shares, the days-to-cover ratio is currently 51.9 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Whitehaven Coal from a “hold” rating to a “strong-buy” rating in a research note on Sunday, October 27th.

Whitehaven Coal Stock Down 1.8 %

WHITF stock opened at $3.81 on Friday. Whitehaven Coal has a fifty-two week low of $3.35 and a fifty-two week high of $6.16. The stock’s 50 day simple moving average is $3.96 and its 200 day simple moving average is $4.42.

About Whitehaven Coal

Whitehaven Coal Limited develops and operates coal mines in New South Wales and Queensland. It operates through three segments: Open Cut Operations, Underground Operations, and Coal Trading and Blending. The company produces metallurgical and thermal coal. It operates four mines, including three open cut and one underground located in the Gunnedah Coal Basin in New South Wales.