Exxaro Resources Limited (OTCMKTS:EXXAF) Sees Large Decrease in Short Interest

Exxaro Resources Limited (OTCMKTS:EXXAF) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 1,500 shares, a drop of 28.6% from the February 13th total of 2,100 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 15.0 days.

Exxaro Resources Price Performance

Shares of EXXAF remained flat at $8.38 during trading hours on Friday. The business’s 50-day simple moving average is $9.12 and its 200-day simple moving average is $9.47. Exxaro Resources has a 1 year low of $8.38 and a 1 year high of $10.50.

Exxaro Resources Company Profile

Exxaro Resources Limited engages in coal, iron ore investment, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Australia, and Asia. The company produces thermal coal, metallurgical coal, and semi-soft coking coal products primarily in the Waterberg and Mpumalanga regions; offers gas-atomised ferrosilicon for use in separation plants, as well as iron ore; and operates two wind farms.