Whitehaven Coal Limited (OTCMKTS:WHITF – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 131,423 shares, a decrease of 91.4% from the October 15th total of 1,523,650 shares. Based on an average trading volume of 2,969 shares, the days-to-cover ratio is presently 44.3 days.
Whitehaven Coal Stock Performance
Shares of OTCMKTS WHITF opened at $5.21 on Friday. Whitehaven Coal has a one year low of $4.25 and a one year high of $6.85. The company’s fifty day moving average is $5.50 and its two-hundred day moving average is $5.74.
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.
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