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

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

Whitehaven Coal Stock Performance

Shares of OTCMKTS WHITF opened at $5.30 on Wednesday. The business has a 50-day moving average of $5.61 and a 200-day moving average of $5.77. Whitehaven Coal has a fifty-two week low of $4.25 and a fifty-two week high of $6.85.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Whitehaven Coal from a “sell” rating to a “hold” rating and set a $8.10 price target for the company in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.10.

About Whitehaven Coal

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.