New Hope Co. Limited (OTCMKTS:NHPEF) Sees Significant Decrease in Short Interest

New Hope Co. Limited (OTCMKTS:NHPEF) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 1,693,164 shares, a decline of 19.9% from the December 15th total of 2,113,305 shares. Based on an average trading volume of 1,380 shares, the days-to-cover ratio is presently 1,226.9 days. Based on an average trading volume of 1,380 shares, the days-to-cover ratio is presently 1,226.9 days.

New Hope Price Performance

NHPEF stock opened at $2.99 on Friday. The firm’s 50-day simple moving average is $2.72 and its 200 day simple moving average is $2.75. New Hope has a fifty-two week low of $2.00 and a fifty-two week high of $3.22.

New Hope Company Profile

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.