Whitehaven Coal Limited (OTCMKTS:WHITF) Shares Shorted: Short Interest Up 1,107.7% in September

Whitehaven Coal Limited (OTCMKTS:WHITF) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,295,639 shares, a growth of 1,107.7% from the September 15th total of 190,082 shares. Based on an average daily trading volume, of 4,869 shares, the days-to-cover ratio is currently 471.5 days.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. The Goldman Sachs Group upgraded Whitehaven Coal from a “sell” rating to a “hold” rating and set a $8.10 price objective for the company in a research report on Wednesday, July 8th. Zacks Research downgraded Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, UBS Group lowered Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.10.

Whitehaven Coal Price Performance

Shares of Whitehaven Coal stock traded up $0.17 during trading hours on Friday, hitting $5.48. The company’s stock had a trading volume of 2,100 shares, compared to its average volume of 13,636. The business has a fifty day moving average of $5.60 and a 200 day moving average of $5.72. Whitehaven Coal has a 1-year low of $4.21 and a 1-year high of $6.85.

About Whitehaven Coal

Whitehaven Coal Limited is an Australia-based coal producer focused on the exploration, development, mining, processing and sale of thermal and metallurgical coal. The company supplies coal for electricity generation and steelmaking, with production sold primarily into international markets across Asia.

Whitehaven operates open-cut and underground mines in New South Wales, including the Maules Creek and Narrabri mines in the Gunnedah Basin. Its New South Wales portfolio has also included the Werris Creek mine and the Vickery project.