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

Whitehaven Coal Limited (OTCMKTS:WHITF) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 1,523,650 shares, a drop of 33.6% from the September 30th total of 2,295,639 shares. Based on an average trading volume of 15,726 shares, the days-to-cover ratio is presently 96.9 days.

Whitehaven Coal Stock Down 6.6%

OTCMKTS:WHITF opened at $5.40 on Tuesday. The business’s 50 day moving average is $5.62 and its two-hundred day moving average is $5.77. Whitehaven Coal has a 52 week low of $4.25 and a 52 week high of $6.85.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Whitehaven Coal from a “sell” rating to a “hold” rating and set a $8.10 target price for the company 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 stock. According to MarketBeat.com, Whitehaven Coal currently has a consensus rating of “Hold” and a consensus target price of $8.10.

Whitehaven Coal Company Profile

Whitehaven Coal Limited is an Australian coal producer focused on the exploration, development, operation and rehabilitation of coal mines. The company produces primarily thermal coal for use in electricity generation, along with metallurgical coal used in steelmaking.

Whitehaven’s operations are concentrated in New South Wales and Queensland. Its New South Wales portfolio includes the Maules Creek open-cut mine and the Narrabri underground mine in the Gunnedah Basin. The company also owns and operates the Blackwater and Daunia metallurgical coal mines in Queensland’s Bowen Basin, which it acquired from BHP and Mitsubishi Development in 2023.

Whitehaven supplies domestic and international customers, with coal exported through Australian ports to markets in the Asia-Pacific region.