Whitehaven Coal Limited (OTCMKTS:WHITF) Short Interest Down 39.7% in May

Whitehaven Coal Limited (OTCMKTS:WHITF) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 1,465,600 shares, a drop of 39.7% from the May 15th total of 2,432,200 shares. Based on an average trading volume of 12,700 shares, the days-to-cover ratio is presently 115.4 days.

Whitehaven Coal Stock Down 3.4%

OTCMKTS:WHITF opened at $3.67 on Monday. Whitehaven Coal has a fifty-two week low of $2.50 and a fifty-two week high of $6.16. The firm’s 50 day moving average is $3.32 and its two-hundred day moving average is $3.59.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 8th.

Whitehaven Coal Company Profile

Whitehaven Coal Limited develops and operates coal mines in New South Wales and Queensland. It operates through three segments: Open Cut Operations, Underground Operations, and Coal Trading and Blending. The company produces metallurgical and thermal coal. It operates four mines, including three open cut and one underground located in the Gunnedah Coal Basin in New South Wales.