New Hope Co. Limited (OTCMKTS:NHPEF – Get Free Report) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 1,693,164 shares, a decrease of 19.9% from the December 15th total of 2,113,305 shares. Based on an average daily volume of 1,380 shares, the short-interest ratio is currently 1,226.9 days. Based on an average daily volume of 1,380 shares, the short-interest ratio is currently 1,226.9 days.
New Hope Stock Performance
NHPEF stock opened at $2.99 on Monday. New Hope has a 12-month low of $2.00 and a 12-month high of $3.22. The business’s 50-day moving average is $2.72 and its 200 day moving average is $2.75.
About New Hope
New Hope Corporation Limited (OTCMKTS:NHPEF) is an Australian resources company headquartered in Brisbane, Queensland. The company is principally engaged in the exploration, development and mining of thermal coal reserves. Established with a focus on long-term supply, New Hope operates a portfolio of coal assets in eastern Australia.
Key mining operations include the New Acland Coal Mine on the Darling Downs and the Boggabri Coal Mine project in New South Wales. Utilizing open-cut mining methods, the company produces medium- to high-quality thermal coal for electricity generation.
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